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Uber: steer clear

Company shares are trading 38 per cent below their listing price Go to Source

Volkswagen strikes settlement with Canada over ‘dieselgate’

The German manufacturer has since paid more than 30 billion euros ($33.2 billion) in damages, fines and legal fees, much of it in the United States. Berlin: German automobile giant Volkswagen confirmed Tuesday it had struck a settlement with the Canadian government over allegations that it deliberately broke environmental protection laws, part of the company’s… Continue reading Volkswagen strikes settlement with Canada over ‘dieselgate’

Volkswagen: ID.3 Battery Pack In Brief

Let’s take a quick look at the Volkswagen ID.3 MEB-battery pack Volkswagen recently briefly presented one of the key components of an electric car, the battery system. In the case of the MEB platform, it’s an all-new, modular battery pack, reminding us of a bar of chocolate. The new battery packs (as well as the… Continue reading Volkswagen: ID.3 Battery Pack In Brief

Volvo Trucks Shows Heavy-Duty Electric Concept Truck

A small number of heavy-duty electric trucks will be tested with selected customers soon. Commercialization expected afterward. Volvo Trucks unveiled a new, bigger all-electric truck concept for construction operations and regional transport. This truck might become its next production EV model, right after the Volvo FL Electric and Volvo FE Electric models. Besides a few… Continue reading Volvo Trucks Shows Heavy-Duty Electric Concept Truck

India auto sales fall in November as consumers curb spending

MUMBAI (NewsRise) — Passenger vehicle sales in India declined in November after a blip in the previous month, prompting the nation’s main auto industry group to call for tax cuts to spur demand for cars and motorcycles. Sales of passenger vehicles fell 0.8% to 263,773 units last month, the Society of Indian Automobile Manufacturers, or… Continue reading India auto sales fall in November as consumers curb spending

Hong Kong shares slip ahead of tariff deadline and Fed meeting

HONG KONG (Nikkei Markets) — Hong Kong shares slipped after trading in a narrow range on Tuesday, as investors watched a slew of external risk events, including central bank policy meetings and a Sino-American tariff deadline. The Hang Seng Index edged 0.2% lower to 26,436.62 after trading in a 172-point band. Shenzhou International Group declined… Continue reading Hong Kong shares slip ahead of tariff deadline and Fed meeting

Hong Kong shares flat as investors eye trade spat and Fed meeting

HONG KONG (Nikkei Markets) — Hong Kong shares were little changed on Tuesday as investors watched a slew of external risk events, including central bank policy meetings and a Sino-American tariff deadline. The Hang Seng Index edged 0.1% lower to 26,471.58 by noon. Shenzhou International Group declined 2.9%, contributing most to the gauge’s losses by… Continue reading Hong Kong shares flat as investors eye trade spat and Fed meeting

From Disney to Big Macs, Japan’s prices are frozen in time

TOKYO — Long labeled expensive, Japan is now drawing attention for its low prices. Take Tokyo Disney, which has become a popular tourist destination in part because of its relative cheapness. One adult single-park ticket for same-day entry cost the equivalent of $69 on Oct. 31 — barely more than half the $129 price tag at Disneyland… Continue reading From Disney to Big Macs, Japan’s prices are frozen in time

Observe.AI Raises $26M in Series A Funding

Observe.AI, a San Francisco, CA-based provider of an AI-powered agent enablement platform for voice customer service, raised $26m in Series A financing. The round, which brought total funding to $34m, was led by Scale Venture Partners, with participation from Nexus Venture Partners, Steadview Capital, 01 Advisors, and Emergent Ventures. In conjunction with the funding, Andy… Continue reading Observe.AI Raises $26M in Series A Funding

Ark Invest’s Cathie Wood Talks Tesla Cybertruck

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Published on December 10th, 2019 |

by Johnna Crider

Ark Invest’s Cathie Wood Talks Tesla Cybertruck

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December 10th, 2019 by Johnna Crider

Cathie Wood, founder of Ark Invest, yesterday sat down with CNBC’s SqawkTalk to talk about the Tesla Cybertruck. Tesla, which is the top holding in several of Ark’s funds, has Elon Musk as its CEO, and it’s natural the anchor wanted to know about what Wood’s thoughts were on the Cybertruck, as well as on other matters such as the defamation trial where Elon was found not guilty.

Cathie Wood dives right into her thoughts on the Cybertruck. She says that she has looked at it from many different angles and that it far surpasses other trucks. When it comes to comparing the Cybertruck to the Ford F-150, Cathie says, “There’s just no comparison.” The anchor asked what I thought was a good question: “Do you think it is for people who would have bought a brand new Ford F-150 or is this a brand new market?”

Cathie Wood explains that Ark Invest performed a Google Trends analysis about the excitement of the Tesla Cybertruck compared to the early days of the Model 3 and what Ark has seen is that the excitement is in the areas you would want it to be — in the Midwest and rural areas. Cathie also says that she thinks that the Cybertruck will be a significant competitor to the Ford F-150. Further, other electric vehicle makers will have to sell their vehicles either at a loss or a higher price since Tesla is able to produce its own batteries and is lowering its overall cost in making electric vehicles.

When it comes to the geographic areas where people were the most excited about the Cybertruck, this is a good thing for Tesla. The Midwest and rural areas often have a much higher number of pickup drivers, and seeing these areas get excited about Tesla’s Cybertruck tell us that, like the rest of the auto industry, Tesla will be a game changer for the pickup industry.
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About the Author

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”

Tesla is one of many good things to believe in. You can find Johnna on Twitter

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