AUDIENCE MEMBER 00:08
My question is about electric vehicles and BYD. Why are electric vehicle sales at BYD down 50% to 70% while Tesla is growing 50% and what does the future hold for BYD?
CHARLIE MUNGER 00:25
Well, I’m not very sure I’m the world’s expert on the future of electric vehicles, except I think they’re coming generally and somebody’s going to make them.
BYD’s sales went down because the Chinese reduced the incentives they were giving to buyers of electric cars.
And Tesla’s sales went up because Elon has convinced people that he can cure cancer. (Laughter)