Berkshire Hathaway’s Pilot Travel Centers, a wholly owned subsidiary of BRK.B, has struck a landmark agreement with Tesla to deploy Semi chargers across key U.S. interstate corridors, including I-5, I-10 and I-80. Beginning summer 2026, each site will feature four to eight high-power stalls capable of delivering up to 1.2 megawatts per unit, enabling a full recharge of Tesla Semi battery packs in under 90 minutes. The initial rollout encompasses 25 travel centers in California, Texas, Illinois and Pennsylvania, with an option to expand to 50 locations by 2028. This move leverages Pilot’s existing network of over 750 locations and positions BRK.B to capture a growing share of heavy-duty electric vehicle charging revenue, projected by management to contribute up to $150 million in incremental annual free cash flow within three years of launch.

Berkshire Hathaway’s 37.1% ownership of Sirius XM continues to validate Buffett’s patience in capital allocation, following the company’s acquisition at an average cost basis near industry lows. Despite a modest decline in subscriber counts over the past two years, Sirius XM has increased average revenue per user by 4.2% year-over-year and generated over $1.1 billion in free cash flow last fiscal year. Management has committed to a current dividend yield of 5.3%, with capacity to raise the payout ratio above 20% of free cash flow if current margin trends persist. Analyst consensus forecasts revenue growth of 3–5% annually and earnings per share gains exceeding 8% by 2026, underpinning Berkshire’s confidence in the investment even as the broader media landscape evolves.