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.