Are Warren Buffett's Car Stocks Still Cruising?

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Are Warren Buffett's Car Stocks Still Cruising?

24/7 wall street2021-07-09

In 2008, Berkshire Hathaway Inc. (NYSE: BRK-B) subsidiary MidAmerican Energy invested $232 million in Chinese automaker BYD Co. Ltd. (BYDDF) in exchange for a 10% stake in the maker of both internal ...

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gargarteo
·2021-07-09
yes
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- 股神在此实在必胜:
  hi
  2021-07-09
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Platypat
·2021-07-09
He should annouce all his moves
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woanderful
·2021-07-09
Warren Buffet can be quite secretive at times!
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- Platypat:
  The best
  2021-07-09
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szueyann
·2021-07-09
Please like and comment. Thanks
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- KlWong:
  Ok
  2021-07-09
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ThomasToh
·2021-07-09
Hmmm
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McWes
·2021-07-09
Always believe Warren buffett!
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(NYSE: BRK-B) subsidiary MidAmerican Energy invested $232 million in Chinese automaker BYD Co. Ltd. (BYDDF) in exchange for a 10% stake in the maker of both internal ...</p>\n\n<a href=\"https://247wallst.com/autos/2021/07/07/are-warren-buffetts-car-stocks-still-cruising/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRK.A","symbol_name":"伯克希尔","start_time":0,"source_url":"https://247wallst.com/autos/2021/07/07/are-warren-buffetts-car-stocks-still-cruising/","article_id":"1167686185","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167686185","pubTimestamp":1625816820,"columns":[],"sourceInfo":{"source_id":"lsy1620372341666","name":"24/7 wall street"},"weMediaInfo":null,"summary":"In 2008, Berkshire Hathaway Inc. 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Since then, Buffett has pared his holdings in GM to 67 million shares. Even so, at the end of the second quarter, Buffett’s holdings in GM were valued at around $3.96 billion.\nWe will not find out until next month whether Buffett has bought or sold some of his stake in BYD or GM, but the odds are that both won’t change. Comparing the performance of the two investments since Buffett’s first purchase of GM stock, BYD’s share price has soared by more than 1,300% while GM’s has jumped by about 278%.\nWhen BYD reported June sales earlier this week, the company said it sold nearly 50,000 vehicles last month, of which about 80% were EVs. Including ICE vehicles, sales were up 52.5% year over year and 10.2% month over month. The 40,116 EVs — or as China designates them, new energy vehicles (NEV) — represented a year-over-year increase of 207.1% and a jump of 26.6% month over month. ICE vehicle sales were down 50.7% year over year and down 28.5% month over month.\nAccording to a report at CnEVPost, some analysts believe that BYD is going to dump its ICE production and build NEVs exclusively. BYD recently began selling vehicles based on a new plug-in hybrid (PHEV) platform that delivers approximately 62 miles per gallon. The new PHEV system has driven some 100,000 new orders, two-thirds more than in June of last year.\nWill Buffett add more to his stake in BYD? It is the portfolio’s only investment that is based in China. Buffett may believe that Berkshire’s exposure to China through its holdings in Apple could be enough for now.\nAs for GM, Buffett has reduced his holdings in each of the past two quarters. A reasonable guess is that he will stand pat or boost his holdings by a smaller amount than the 7.6% cut he made during the March quarter. June quarter sales came in below estimates, due in part to supply chain constraints.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":141003014,"gmtCreate":1625821445738,"gmtModify":1703749243522,"author":{"id":"3574850565707986","authorId":"3574850565707986","name":"gargarteo","avatar":"https://static.tigerbbs.com/fe63003e1f62ffd9dc6784d809f31d31","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574850565707986","authorIdStr":"3574850565707986"},"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141003014","repostId":1167686185,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5171326,"gmtCreate":1625823500145,"gmtModify":1663230758132,"authorId":3580505991981377,"author":{"id":3580505991981377,"idStr":"3580505991981377","authorId":3580505991981377,"name":"股神在此实在必胜","avatar":"https://static.tigerbbs.com/bbe46ab05655335e00a34b5d64a470c5","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":141003014,"type":1,"supId":0,"prevId":0,"content":"hi","text":"hi","html":"hi"}],"langContent":"EN"},{"id":143773930,"gmtCreate":1625820822720,"gmtModify":1703749227822,"author":{"id":"3586910069385777","authorId":"3586910069385777","name":"Platypat","avatar":"https://community-static.tradeup.com/news/4ce9037ef4459431155bfa046089601a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586910069385777","authorIdStr":"3586910069385777"},"htmlText":"He should annouce all his moves","listText":"He should annouce all his moves","text":"He should annouce all his moves","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143773930","repostId":1167686185,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":143728034,"gmtCreate":1625819304328,"gmtModify":1703749187916,"author":{"id":"3583022959242714","authorId":"3583022959242714","name":"woanderful","avatar":"https://static.tigerbbs.com/4e5b04b7e9dab6f7f58cb053028db83d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583022959242714","authorIdStr":"3583022959242714"},"htmlText":"Warren Buffet can be quite secretive at times!","listText":"Warren Buffet can be quite secretive at times!","text":"Warren Buffet can be quite secretive at times!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/143728034","repostId":1167686185,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5170976,"gmtCreate":1625820840712,"gmtModify":1663230753140,"authorId":3586910069385777,"author":{"id":3586910069385777,"idStr":"3586910069385777","authorId":3586910069385777,"name":"Platypat","avatar":"https://community-static.tradeup.com/news/4ce9037ef4459431155bfa046089601a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":143728034,"type":1,"supId":0,"prevId":0,"content":"The best","text":"The best","html":"The best"}],"langContent":"EN"},{"id":143787107,"gmtCreate":1625818627909,"gmtModify":1703749165457,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/143787107","repostId":1167686185,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5170686,"gmtCreate":1625818933730,"gmtModify":1663230755726,"authorId":3585862393512500,"author":{"id":3585862393512500,"idStr":"3585862393512500","authorId":3585862393512500,"name":"KlWong","avatar":"https://static.tigerbbs.com/b20610400ddcc33719ca6767c3e3fbde","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":143787107,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":143716743,"gmtCreate":1625817822982,"gmtModify":1703749145749,"author":{"id":"3575631690884816","authorId":"3575631690884816","name":"ThomasToh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575631690884816","authorIdStr":"3575631690884816"},"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143716743","repostId":1167686185,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":143710088,"gmtCreate":1625817332244,"gmtModify":1703749136428,"author":{"id":"3575537958076350","authorId":"3575537958076350","name":"McWes","avatar":"https://static.tigerbbs.com/d5e2759867585d32f8e2f72ef14a0a59","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575537958076350","authorIdStr":"3575537958076350"},"htmlText":"Always believe Warren buffett!","listText":"Always believe Warren buffett!","text":"Always believe Warren buffett!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143710088","repostId":1167686185,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":66,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}