Assuming his heart or other vital organs don't shut down following years of DQ and Cherry Coke consumption, there's a very real chance that Warren Buffett could unseat Elon as King of Electric Vehicles sooner rather than later. In fact, he already has... kind of.
The Oracle of Omaha, who owns nearly 20% of Occidental Petroleum and a whole bunch of Chevron (you know, the kind of companies run by dudes that look like Daniel Plainview and laugh at videos of baby ducks covered in light, sweet crude), holds a 7.7% stake in BYD, a Chinese EV maker. He made the deal with the devil in 2008 when his heart was still able to handle that kind of stress.
And BYD sold a fuck ton of EVs and hybrids in the first half of 2022. 641,350, to be exact. Granted, China's “government data” is about as valuable as a CNN+ subscription.
Tesla, on the other hand, managed to sell just 564,743 whips in the first half. Elon blamed supply chain issues and 'rona boi shutdowns in China. Because, obviously he did.
Of course, more than 300,000 of BYD's electric whips also contain internal combustion engines (read: hybrids), which means EV purists would still consider Elon the GOAT... for now. But competition is ramping up (well, except Nikola). And not just in China. Amazon-backed Rivian said this week that it delivered 4,467 EVs in Q2, but more importantly, it would roll 25,000 vehicles off the assembly line this year. Jeff Bezos hasn't been this bricked up since he popped two little blue pills and sent Lauren Sanchez those tasteful n00dz.
Along with pretty much every other overvalued tech company in your 4-figure WeBull account, TSLA has gotten pwned, falling nearly 50% year to date. And being cucked by a dude that wears Depends isn't great for business, or Elon's net worth. Rising rates, Elon's obsession with Twitter, and increased competition are creating a perfect shit storm that appears to have Tesla investors seeking new, innovative ways to lose money.
Snap necks and cash checks,
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