(NASDAQ: TSLA) is running circles around Warren Buffett these days. The electric vehicle (EV) stock has soared more than 30% year to date, while Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has only risen by around 5%. 

Berkshire's performance in 2023 might be significantly better if Tesla was one of its biggest holdings. But it isn't -- and never has been. Buffett hasn't avoided Tesla because he dislikes the company's CEO, Elon Musk. He recently called Musk "a brilliant, brilliant guy."

So why doesn't Buffett own Tesla stock? Here's the biggest reason.

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Source Fool.com