At $28.80, byddy stock price is trading near its weekly high. Breakout traders are eyeing $29.20 as the next technical resistance level. The fundamental challenge for EV manufacturers is balancing supply and demand. As supply exploded around the world, the industry has been flooded with vehicles, and their best way to respond has been to lower prices to move vehicles. But lower prices mean lower margins as well, making it tough to generate a profit. Buffett has not explained in detail why Berkshire started selling, but, in 2023, he told CNBC's Becky Quick that BYD is an "extraordinary company" being run by an "extraordinary person," but "I think that we'll find things to do with the money that I'll feel better about." The market reaction was shaped by global EV adoption forecasts, which anticipate double-digit growth through 2025, potentially benefiting BYD’s revenue outlook.