Ark Invest founder Cathie Wood reiterated her view that a deflationary trend is in play, thanks to innovation-induced price declines. One Tesla bear, however, refuted her argument.
What Happened: On Saturday, Wood reposted a post by Sam Korus, director of research autonomous technology & robotics at Ark, in which he shared a graphic from Cox Automotive regarding prices of various categories of vehicles in September.
On a year-over-year basis, most vehicle categories showed modest price growth, except for electric vehicles, and midsize and subcompact SUV/crossover vehicles, according to the chart. EVs saw the steepest drop of 22.4%, while hybrid vehicle prices climbed 20.6%. Overall, vehicle prices fell a modest 0.7%.
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