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While Musk's antics are a convenient political point, the larger issue is that growth stocks have all been struggling this year. Ark Investments is down 70%. Ti
by kolbe 4y ago
While Musk's antics are a convenient political point, the larger issue is that growth stocks have all been struggling this year. Ark Investments is down 70%. Tiger Global around the same. The one saving grace for Tesla earlier this year had been the war in Ukraine causing fuel prices to surge, but those have normalized and whatever boost energy cost saving had been giving to the EV market has evaporated.
- cma 4y agoTesla was famously one of Ark's biggest and most promoted holdings.