Buffett’s Berkshire Chases Musk’s Tesla on Market Value

Watch out, Elon, Warren is catching up. With the drop in shares of


Tesla


this year, the market value of


Berkshire Hathaway


is hot on the heels of the electric-vehicle leader.

Berkshire, led by longtime CEO Warren Buffett, is demonstrating its defensive attributes in a bear market, with its class A shares up 0.3% this year, against an 18% fall in the


S&P 500


Tesla stock is off some 35%, reflecting disappointment on vehicle deliveries and a pullback in growth stocks; CEO Elon Musk’s pursuit of


Twitter


hasn’t helped.