Insights from Warren Buffett and Charlie Munger on EVs, Elon Musk, and more.

Warren Buffett stated that it's too early to declare any winners in the electric vehicle competition, and that no one will own the market due to the uncertainty in the sector. Legacy automakers such as General Motors and Ford have gradually started adding market share as well. Berkshire Hathaway owns roughly 50 million shares in General Motors, worth $1.68 billion as of Dec. 2022, but sold some of its GM stock in the second and third quarters of 2022. Buffett and his right-hand man Charlie Munger said they didn't have an interest in venturing further into the auto business.