Warren Buffett Owns an EV Stock That Is Starting to Eat Tesla's Lunch
While many investors hold great respect for Warren Buffett, they may also view him as more of a traditional investor. But the Oracle of Omaha is not afraid to buy trendy technology and artificial intelligence stocks if he thinks they meet his well-known criteria of being wonderful companies at fair prices. Consumer tech giant Apple is still the largest holding in Berkshire Hathaway's massive equities portfolio, and the conglomerate owns stakes in other innovative companies as well. In fact, one of those companies is starting to eat Tesla's lunch.Tesla has been a pioneer in the electric vehicle (EV) industry, and has maintained a large market share in the space for many years. But recently, the company has struggled. CEO Elon Musk's forays into politics and government affairs have taken a toll on the brand, driving potential buyers away from Teslas and reportedly inducing a noticeable number of Tesla owners to trade in or sell their vehicles.The China Passenger Car Association recently reported that Tesla's sales in China for the first two months of 2025 fell by nearly 29% year over year.Continue reading
While many investors hold great respect for Warren Buffett, they may also view him as more of a traditional investor. But the Oracle of Omaha is not afraid to buy trendy technology and artificial intelligence stocks if he thinks they meet his well-known criteria of being wonderful companies at fair prices. Consumer tech giant Apple is still the largest holding in Berkshire Hathaway's massive equities portfolio, and the conglomerate owns stakes in other innovative companies as well. In fact, one of those companies is starting to eat Tesla's lunch.
Tesla has been a pioneer in the electric vehicle (EV) industry, and has maintained a large market share in the space for many years. But recently, the company has struggled. CEO Elon Musk's forays into politics and government affairs have taken a toll on the brand, driving potential buyers away from Teslas and reportedly inducing a noticeable number of Tesla owners to trade in or sell their vehicles.
The China Passenger Car Association recently reported that Tesla's sales in China for the first two months of 2025 fell by nearly 29% year over year.
