Bull case growing as legacy automakers ‘flail’ on autonomous cars


Tesla is peeling away from the pack.

The automaker’s head starts in developing electric and autonomous vehicles are solidifying its lead over the rest of the industry as the Covid-19 pandemic weighs on car sales and disrupts supply chains, Ark Invest analyst Tasha Keeney told CNBC’s “Trading Nation” on Thursday.

Shares of Tesla closed up nearly 3% on Thursday even though the company placed last in JD Power’s Initial Quality Survey, which tracks the problems new car owners have within their first 90 days of purchase. Tesla’s first-ever profile in the widely followed report measured 250 problems per 100 of its vehicles, far above the average of 166.

Ark Invest’s long-term price targets for…


This chart shows link between restaurant spending and new virus cases

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