If you're interested in electric vehicle stocks, you might want to consider BYD.! According to Charlie Munger, the 99-year old billionaire vice chairman of Berkshire Hathaway, BYD is his favourite stock ever. Munger praised BYD's growth and the fact that this relatively little known company is worth more than Mercedes.
When asked to choose between Tesla and BYD as an investment, Munger said BYD was the better choice, citing the company's success and ahead-of-the-game status in known company is worth more than Mercedes. When asked to choose between Tesla and BYD as an investment, Munger said BYD was the better choice, citing the company's success and ahead-of-the-game status in the Chinese market. The data also seems to back up Munger's opinion. While Tesla had to lower prices, BYD has been raising and profiting without trouble.
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