Oppenheimer Senior Research Analyst Colin Rusch disagrees with some points of Wood’s recent comments to Yahoo Finance.
“The landscape is changing — I don’t see GM and Ford as the primary competition,” Rusch explains. “We’re looking at VW and Hyundai as the established OEM [original equipment manager] leaders in this space. And then companies like BYD in China is the real competition for Tesla over time.”
Rusch also comments on slowing EV demand in the United States and what UAW-Big Three labor negotiations mean for Tesla.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. You can see the full interview with ARK Invest’s Cathie Wood on Wednesday, November 15 at 9 a.m. ET on Yahoo Finance.
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