Business

Berkshire’s Buffett Chases Musk’s Tesla In Market Value


Watch out, Elon, Warren is catching up. With the decline in shares of

Tesla

this year, the market value of

Berkshire Hathaway

are hot on the heels of the electric car leaders.

Berkshire, led by longtime CEO Warren Buffett, is showing its defensive attributes during a bear market, with Class A shares up 0.3% this year, compared with a decline of 18 % in

S&P 500

Tesla shares fell about 35%, reflecting disappointment in vehicle deliveries and a decline in growth stocks; CEO Elon Musk pursues

Twitter

did not help.

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