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

Watch out, Elon, Warren is catching up. With the drop in shares of Tesla this year, the market value of Berkshire Hathaway is hot on the heels of the electric-vehicle leader.

Berkshire, led by longtime CEO Warren Buffett, is demonstrating its defensive attributes in a bear market, with its class A shares up 0.3% this year, against an 18% fall in the S&P 500 Tesla stock is off some 35%, reflecting disappointment on vehicle deliveries and a pullback in growth stocks; CEO Elon Musk’s pursuit of Twitter hasn’t helped.

Leave a Reply

Your email address will not be published. Required fields are marked *