Buffett’s holdings in the carmaker are down more than 70% amid increasing technology and trade tensions between the United States and China
The investment mogul’s stake in the Chinese electric vehicle maker is effectively down more than 66%
The investment mogul said that he became "a little nervous" about AI after seeing a deepfake of his "delivering a message that in no way" came from him
Buffett's exit comes after a string of selldowns for Paytm, including stake cuts by Japanese conglomerate SoftBank Group and the exit of China's Alibaba Group
Berkshire’s latest stake sale in BYD came on the heels of the EV-maker’s financial results this week, in which the carmaker reported its highest-ever quarterly profit
The American investment company sold 2.53 million shares in the EV-maker and has now reduced its stake from 20.49% in August last year to 8.98%
The move by Buffett’s Berkshire Hathaway was revealed in 13-F filings, which showed several other big funds had poured in millions in the Taiwanese chipmaker
This is the second time in just over a month that Buffett’s investment group has reduced its stake in China’s largest EV-maker
The billionaire, who recently slashed his multi billion-dollar stake in Taiwanese chipmaker TSMC, said he was 'pleasantly surprised' at the progress of recent Japanese investments
The investment mogul described the Taiwanese chipmaker as a well-managed company, but said his investment group had better places to deploy capital
The sale is part of a series of similar moves by Berkshire, which started selling its BYD shares in late August last year
Berkshire's investors are still trying to figure out why Buffett decided to sell most of its stake in the chipmaker