Charlie Munger says BYD is so far ahead of Tesla in China 'it's almost ridiculous'
Publishing timestamp: 2023-02-15 17:58:14
Summary
Charlie Munger praised BYD, a Chinese electric vehicle maker, calling it his favorite stock ever. Berkshire Hathaway's initial investment in BYD is now worth around $8-9 billion. Munger credited Li Lu, founder of Himalaya Capital, for introducing him to BYD and praised BYD CEO Wang Chuanfu as a genius and workaholic. Munger said BYD is far ahead of Tesla in China and expects BYD to make a record adjusted annual profit of $2.4 billion in 2022. He also called Tesla CEO Elon Musk talented and peculiar.
Sentiment: POSITIVE
Tickers: ZE594-CN, BYDDY, TSLA, BGRY,
Keywords: investment strategy, charlie munger, breaking news: business, breaking news: markets, business news, stock markets, tesla inc, breaking news: investing, markets, elon musk, berkshire grey inc, wall street, byd co ltd,
Source: https://www.cnbc.com/2023/02/15/charlie-munger-says-byd-is-far-ahead-of-tesla-in-china.html