Tesla and Cathie Wood: Oppenheimer analyst weighs in on ARK Invest CEO's latest comments on EVs
Tesla (TSLA) is starting to see its business cool off at the same time inflation seems to be moderating for another consecutive month. ARK Invest Founder and CEO Cathie Wood believes the EV maker's recent price cuts have "offset the interest rate hit" from the Fed's monetary policy while still grabbing market share from American auto companies. Oppenheimer Senior Research Analyst Colin Rusch disagrees with some points of Wood's recent comments to Yahoo Finance. "The landscape is changing — I don't see GM and Ford as the primary competition," Rusch explains. "We're looking at VW and Hyundai as the established OEM [original equipment manager] leaders in this space. And then companies like BYD in China is the real competition for Tesla over time." Rusch also comments on slowing EV demand in the United States and what UAW-Big Three labor negotiations mean for Tesla. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. You can see the full interview with ARK Invest's Cathie Wood on Wednesday, November 15 at 9 a.m. ET on Yahoo Finance.