Warren Buffett Just Dumped His Stake in an EV Stock That Berkshire Hathaway Made 20x Gains On. Is the Stock Still a Buy?

Despite decades of proven investing experience, Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) have never been afraid to adapt or invest in new technologies. In 2008, when the electric car maker Tesla (NASDAQ: TSLA), now one of the largest stocks in the world, was only five years old, one of Berkshire's subsidiaries decided to invest $230 million in the China-based electric vehicle maker BYD (OTC: BYDD.F) in return for a 10% stake in the company.Berkshire held that position firmly for about 14 years, making a killing in the process. The stock had risen by close to 2,000  before Berkshire began to sell big chunks of it in August of 2022. Berkshire actually completely dumped BYD earlier this year, although that was only recently confirmed by media outlets. Is the stock still a buy?Image source: The Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool