Warren Buffett's right-hand man says Elon Musk is gifted but weird - and ranks Tesla-rival BYD among the best bets of his career
Munger lauded BYD for growing rapidly in its home market and leaving Musk in the dust."BYD is so much ahead of Tesla in China it's almost ridiculous," he said.
The billionaire investor pointed out that Tesla cut its car prices in China last year, while BYD was able to raise prices. He also noted BYD's auto division made over $2 billion in after-tax profits in the country last year. "Who in the hell makes $2 billion as a brand-new entrant in the auto business, for all practical purposes?" Munger exclaimed."It's incredible what happened."
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