Locator: 48612EVS.
First, this morning we had the story of GM Cadillac Celestiq:
Prices can increase significantly depending on the trim level, wheelbase, and options chosen. For example, the Range Rover SV can start at $209,000 for a standard wheelbase and go up to $234,000 for a long wheelbase.
And now this: link here.
I'm not looking for these stories. They pop up on my various feeds and seem to be associated with the sixth industrial revolution, and stories about making America great again.
Then, "combine" these stories with the $50-million Bezos wedding and one starts to get another feeling.... the gilded age, the roaring 20's. Not the 1920s -- the great Jay Gatsby -- but the gay (and literally, in some cases, really "gay") 20s, but this time, the 2020s.
And million-dollar bonuses for software engineers.
A lot of folks are trying to slow down this train. At their peril. This train has already left the station.
By the way, the Lamborghini Revuelto has a new 6.5-liter V12 engine! Say what? Yes, and they have the nerve to call this an EV. LOL. Range? Infinite, unlike a true EV. It can stop anywhere it needs to, to fill up with gasoline.
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Meanwhile
Shares have dropped.
From the link:
China’s top automaker is scaling back production at several factories due to rising vehicle inventories and slower-than-expected sales growth.
The company has canceled night shifts and delayed adding new production lines, reducing output at at least four factories by about one-third.
“There were two reasons for the mentioned actions: saving costs and failing to meet targets."
In May 2025, BYD launched aggressive discounts across 22 of its models, slashing prices by as much as 53,000 yuan (USD 7,390) in an attempt to ease dealership backlogs.
However, inventories continued to rise despite the deep price cuts. A major dealer network in eastern China even suspended operations, partly due to unsold stock.
The problem with EVs for automobile manufacturers: margins.
But now it's even worse: even with prices being slashed on the least expensive EVs to begin with, not even these are selling any more --- at least not at levels necessary to make the company a going concern.
Does Warren Buffett / BRK still owns shares in BYD? Yes, from ChatGPT:
Berkshire’s original investment began in September 2008, when they purchased HK$230 million worth (~225 million shares), representing about 9.9% of BYD’s Hong Kong-listed shares.
Beginning in 2022, Berkshire quietly began trimming its position.
By mid‑2023, it had edged below 8%, and by July 2024, its stake had fallen to 4.94%.
A filing in June 2024 confirmed their holding was roughly 6.9%, down from around 7.0%, while the July disclosure reflected further reduction to under 5%
