Reported about 15 hours ago
Cathie Wood, CEO of ARK Invest, discusses Elon Musk's ongoing role as a 'troubleshooter' as Tesla faces declining sales in the U.S. and China, attributed to a refresh cycle of its electric vehicles. Wood, whose firm has a significant investment in Tesla, believes that upcoming affordable EV models and advancements in autonomous driving will boost Tesla's stock in 2025. Wood also comments on Musk's involvement with the Trump administration's Department of Government Efficiency, indicating that he will play a crucial role in reducing government spending and introducing new technologies.
Source: YAHOO