Here's why BYD stock is crashing today

Warren Buffett’s holding company Berkshire Hathaway (NYSE: BRK.A) has fully divested its stake in the Chinese electric vehicle (EV) leader BYD (SHE: 002594) after more than 15 years of continued investments, according to the latest reports. Berkshire first invested in the automaker in 2008 under Charlie Munger’s guidance, acquiring about 225 million shares worth approximately $230 million and amounting to some 10% stake at the time.The divestment was not as sudden as it may appear, as Buffett started sellin ...