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Saturday, December 21, 2024

Warren Buffett-backed Chinese EV maker BYD has seen $18 billion in value wiped out amid Tesla’s price war

Warren Buffett-backed BYD has suffered an $18 billion wipeout in value over the past month as rival EV maker Tesla presses ahead with a price war. US-listed shares in the Chinese carmaker have fallen 14% since February 1, to trade at just under $58 as of Friday’s close. By comparison, BlackRock’s …

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