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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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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.”Bloomberg YouTube Channel
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In This Story: Tesla
Tesla (NASDAQ: TSLA) is one of the biggest producers or electronic cars, and other, largely electronic, equipment.