Cathie Wood on Tesla, crypto and more: Interview highlights
ARK Investments Founder, CEO, and Chief Investment Officer Cathie Wood is teaming up with 21shares to launch new crypto-focused ETFs. Wood joined Yahoo Finance’s Julie Hyman to discuss the 21shares partnership, Tesla (TSLA), the Fed, inflation, bitcoin (BTC-USD), and more. Here are some of the highlights.
Tesla price cuts (00:00:03)
“All that Tesla’s price cuts have done is offset the interest rate hit,” Wood said. “So really the monthly payments haven’t gone anywhere. Tesla will continue to cut prices because it can.”
The Fed and inflation (00:00:35)
“I think they (the Fed) are in the process of making a mistake,” Wood explained. “Now we’re getting more prints again that are saying, the Fed probably has overdone it … We have lots of callbacks with managements, and they’re saying, why are you the only ones seeing recession? Why can’t the Fed see this? This is what we’re going through.”
New crypto-focused ETFs (00:01:17)
“They were focused on the infrastructure, the regulations, really blazing a trail. They had to invent things in order to make this happen,” Wood said. “We’re just delighted to be partnering with them given how much groundwork they had to lay for this to happen.”
Watch the full interview with ARK Invest’s Cathie Wood on Yahoo Finance.