Tesla bull Cathie Wood says it isn’t just Elon Musk’s politics that are causing Tesla’s ‘demand hit.’ It’s also a bad economy

ARK Invest CEO Cathie Wood (Credit: ose Sarmento Matos/Bloomberg via Getty Images)

• As Tesla faces backlash over its CEO Elon Musk’s personal politics, longtime investor Cathie Wood says falling sales could be part of the broader economic concerns. A series of auto industry headwinds are hitting Tesla while Musk’s political involvement stirs up widespread protests. Despite these struggles, the future of the company remains: a new, affordable EV model and the promise of perfecting self-driving cars. 

Ark Invest CEO Cathie Wood believes part of the recent “demand hit” Tesla’s taken could be because of broader fears about the economy.