Autos

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

0


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…



Source cnbc.com

This chart shows link between restaurant spending and new virus cases

Previous article

Manhattan real estate prices could drop 10% this year as New York City attempts to reopen

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Autos