JakeP
S P4996 ==> P02547
Here are Charlie Munger's comments about Tesla:
Charlie Munger, on BYD and Tesla sales divergence: "BYD sales went down because the Chinese reduced incentives to the buyers of electric cars...and Tesla sales went up because Elon has convinced people he can cure cancer."
Context: Berkshire Hathaway owns a big, 25% stake in BYD ..
Further context, Tesla is now endangering BYD in their home market:
He was also trash-talking the stock and Elon:
“I would never buy [Tesla] and I would never sell it short...I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time,” Charlie Munger said.
The Berkshire Hathaway old guard is still seriously underestimating Tesla. Their loss.
I sold a share of BRK-A for about 120K in 2012 and bought TSLA with the proceeds. BRK-A has tripled in value since then. TSLA was at 28 or so...