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Why Warren Buffett's Favorite EV Stock Is Trouncing Tesla

TheMotleyFool

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Why Warren Buffett's Favorite EV Stock Is Trouncing Tesla: https://g.foolcdn.com/editorial/images/715654/ev-electric-vehicle-charging-station-waiting.jpg

Warren Buffett bought seven new stocks in the first nine months of 2022. Tesla (NASDAQ: TSLA) wasn't one of them.

That doesn't mean that Buffett doesn't like electric vehicle (EV) stocks. Actually, his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) portfolio owns shares of one pure-play EV company and another automaker that's increasing its EV production.

It's safe to assume that the former ranks higher on the legendary investor's list than the latter, since it makes up roughly twice as much of Berkshire's total holdings. This stock is also performing well as of late. Here's why Buffett's favorite EV stock is trouncing Tesla.

Source Fool.com

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