Elon Musk Gave A Nod As Cathie Wood Raises Alarm On Trillion-Dollar Auto Debt Market Facing 'Serious Losses'

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Given the accelerated consumer preference shift toward electric vehicles, used car prices and the residual value of all gas powered autos are likely to plummet, causing serious losses in the $1 trillion auto debt market.— Cathie Wood (@CathieDWood) October 10, 2022

See Also: How To Invest In Tesla Stock

Given the current global macroeconomic environment and volatility, auto company stocks have registered negative returns in line with the general market. 

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Article Details

Author / Journalist: Bhavik Nair

Category: Technology

Markets: United States

Topics: ICYMI Analyst Ratings EVs ARKK US37045V1008 US88160R1014 Benzinga TSLA Tech ARK Investment Management Elon Musk GM Analyst Color Cathie Wood F News Electric vehicles US3453708600

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-26 @ 00:46:20 (2 weeks ago)

News Timezone: GMT +8:00

Ranking: #487 (out of 10695 stories this day)

News Source URL: benzinga.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 4798236

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