What Caused the Plunge in Shares of Buffett-Backed BYD?

The transcript discusses a sudden stock slump and the rumors that followed, including speculation about Warren Buffett's stake and the company's exposure in Russia. The company held a teleconference to dismiss these rumors, confirming no changes in Buffett's stake or government subsidies. Analysts remain cautious about BYD, citing high valuations and challenges in the Chinese market for new energy vehicles.

What were some of the rumors circulating about the company's stock slump?

• The chairman was arrested.

• The company was launching a new product.

• The company acquired a new business.

• The CEO resigned.

How did the company address the rumors about its stock slump?

• By confirming the rumors.

• By holding a teleconference to dismiss the rumors.

• By ignoring the rumors.

• By issuing a press release.

What did the company clarify about its exposure in Russia?

• It is expanding its exposure.

• It has limited exposure.

• It has no exposure.

• It has significant exposure.

What is a concern raised by analysts about the company's valuation?

• It is fairly valued.

• It is undervalued compared to competitors.

• It is overvalued at 27 times projected earnings.

• It is valued at 3 times projected earnings.

What challenge does the company face in the new energy vehicle market in China?

• Government support for new energy vehicles.

• Strong competition from foreign manufacturers.

• High demand for new energy vehicles.

• Low demand for new energy vehicles.