Concern is mounting over demand for Tesla cars, but Cathie Wood’s ARK Invest says it knows how the company can vastly increase its sales. All Elon Musk’s company has to do is cut the cost to make EVs by 50%.
“ Tesla could expand its addressable market ten-fold by cutting the cost of an electric vehicle in half,” wrote Wood in an Monday email to investors. It sounds great, but as always, the devil is in the details.
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