Warren Buffett Deals a Blow to a Chinese Rival of Tesla

Published by
The Street

By Luc Olinga Legendary investor Warren Buffett is a shareholder of BYD, which has boosted the company’s profile among international investors. Warren Buffett remains a legend in global business circles. The Oracle of Omaha is celebrated even by the new generation of investors, even as they criticize him for his acerbic words about cryptocurrencies, particularly bitcoin. But when Buffett, who recently turned 92, speaks, the whole financial world listens. And often, the billionaire speaks loudest with his actions, which can have serious consequences for the companies they affect and their manag…

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