Trade-in value of Tesla cars holding up better than gas-powered cars: Ark’s Cathie Wood

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  • Ark’s Cathie Wood was on Bloomberg to explain how Tesla’s trade-in value is holding up better than their gas-guzzling competitors, which will be music to the ears of owners of the the eponymous electric vehicle.

    May.08 — Cathie Wood, ARK Investment Management CEO & CIO, points to the negative effects of low oil prices on the trade-in value of gas-powered cars. She makes the case for adoption of electric vehicles by pointing to the sustained resale value of EVs, which are benefiting from the volatility in oil markets. She joins host David Westin with her insight on “Bloomberg Wall Street Week.”

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