Warren Buffett dumps stake in Chinese Tesla rival amid £31bn exodus
Yahoo Finance·2025-09-22 11:39
BYD has said that profits have fallen in the second quarter of this year, down 30pc from the same period in 2024 - Chan Long Hei/Bloomberg Warren Buffett’s investment giant has sold off its entire stake in BYD as investors lose faith in China’s Tesla rival. Berkshire Hathaway revealed in its latest filings that its shareholding in BYD fell to zero in the second quarter, down from $415m (£308m) at the end of last year. Mr Buffett’s exit led to the carmaker’s shares falling by 3.4pc in Hong Kong on Monday, ...