Charlie Munger on BYD and Tesla. | [C:C.M Ep.18]

Published on June 19, 2020

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In this episode, Charlie Munger was asked about electric vehicles and BYD. Why are electric vehicle sales at BYD down 50% to 70% while Tesla is growing 50% and what does the future hold for BYD?

In this episode, you’ll learn:
– What is Charlie Munger comments on BYD and Tesla?
– Why did BYD sales fell but Tesla went up?
(https://www.yapss.com/post/collection-charlie-munger-18-byd-and-tesla)

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[Transcript]
AUDIENCE MEMBER 00:08
My question is about electric vehicles and BYD. Why are electric vehicle sales at BYD down 50% to 70% while Tesla is growing 50% and what does the future hold for BYD?

CHARLIE MUNGER 00:25
Well, I’m not very sure I’m the world’s expert on the future of electric vehicles, except I think they’re coming generally and somebody’s going to make them.

BYD’s sales went down because the Chinese reduced the incentives they were giving to buyers of electric cars.

And Tesla’s sales went up because Elon has convinced people that he can cure cancer. (Laughter)

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About Charlie Munger

Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.

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