Tesla Brand Has Been Damaged, Says Cathie Wood
May 19, 2025
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3:40Now PlayingTesla Brand Has Been Damaged, Says Cathie Wood
YouTube Description
as posted by the channelARK Invest founder, CEO, and CIO Cathie Wood has told Bloomberg Radio that Tesla's brand has been hurt by Elon Musk's involvement in politics. Speaking to Caroline Hepker and Tom Mackenzie on Bloomberg Daybreak Europe, Cathie Wood said, "Brand damage, yes, it has happened."
The comments come just weeks after data showed that Tesla registered only 512 new vehicles in April in the UK. Figures from the Society of Motor Manufacturers and Traders showed that new vehicle registrations were down 62% from a year earlier. Tesla's plunge was even more pronounced in Denmark, the Netherlands, and Sweden, with sales dropping by at least two-thirds in each country.
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