Tesla superbull Cathie Wood calls out GM amid TSLA’s blockbuster Q3 results – Teslarati

Tesla (NASDAQ: TSLA) superbull Cathie Wood of ARK Invest just recently made some keen monitorings for investors complying with the car manufacturer’s release of its Q3 2021 vehicle production and also delivery record. Specifically, the ARK Invest owner explained Tesla’s notable boost in US auto sales and GM’s decrease in the third quarter, in spite of the ongoing chip lack.

” Today, $TSLA revealed that in the third quarter it sold 241,300 vehicles around the world, up 73% year over year (YoY) and 20% quarter over quarter (QOQ),” Wood’s specified in a recent tweet. “On the other hand, $ GM criticized the ~ 33% YoY decline in its United States sales on chip scarcities. What? # EVs need 3-5x extra chips per auto generated!”

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