The deceleration of the electric vehicle (EV) segment by legacy carmakers GM and Ford is a misstep that will ultimately benefit Elon Musk and Tesla, as stated by Cathie Wood, the CEO of ARK Invest, an investment management fund.
Wood founded ARK Invest in 2014 after her idea to float exchange-traded funds (ETFs) for disruptive innovation was shot down by her then employer. Over the subsequent years, the private investment management fund has introduced several ETFs focusing on genomics, autonomous technology and robotics, space exploration, fintech, and overall innovation.
Before the…
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News Source: interestingengineering.com