Electric Vehicle Sales Increased In August

Total electric vehicles sales in August were an estimated 11,363, the U.S. Department of Energy reports. This is a huge increase from the 7,442 electric vehicles sold in July and the 8,742 sold in June, which was the previous all-time high.

Consumers have been flocking to EVs as many of the models have become more affordable. The top-selling EV in August was the Chevy Volt, which sold 3,351 units. It was followed by the Nissan Leaf at 2,420 units, the Toyota Prius PHEV at 1,791 units, and the Tesla Model S at 1,700 units.

The Tesla is particularly interesting since it is the only true luxury EV to be generating many sales at this point.

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Berkshire Hathaway Warren BuffettWarren Buffett has never detailed the process he uses to value the businesses he acquires for Berkshire Hathaway. However, over the years, he has provided some limited insight into his methods. Q3 2020 hedge fund letters, conferences and more Based on these comments, it is widely assumed that Buffett uses a discount cash flow model Read More

Visualizing Electric Vehicle Sales