EV Startups Are Proving Warren Buffett Right

12 May 2023 | Abstracted from Wall Street Journal

"Polestar became the latest electric-vehicle manufacturer to cut its forecast for 2023 deliveries...'The auto industry is just too tough.' That was Warren Buffett's response to a question about the opportunities presented by the shift to electric vehicles at Berkshire Hathaway’s annual meeting...

"Polestar Automotive became the latest manufacturer to cut its guidance for deliveries this year alongside first-quarter results..."

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