Watch out Elon, Warren is catching up. With the decline in the shares of
Tesla
this year, the market value of
Berkshire Hathaway
is hot on the heels of the leader in electric vehicles.
Berkshire, led by longtime CEO Warren Buffett, has demonstrated its defensive qualities in a bear market, with its Class A shares up 0.3% this year, against an 18% decline in
S&P 500
Tesla shares fell about 35%, reflecting disappointment in vehicle deliveries and a pullback in the growth stock; CEO Elon Musk’s pursuit of
Twitter
it didn’t help.