Tesla Bear Says Ev Prices Imploded As Supply Outpaced Demand, Even As Cathie Wood Paints A Positive Picture Of Innovation Leading To Deflation

Ark Invest founder Cathie Wood has reiterated her view that a deflationary trend is in play due to innovation-induced price declines. This is evidenced by the 22.4% drop in electric vehicle prices and the 0.7% drop in overall vehicle prices in September. Wood believes that AI, blockchain technology, robotics, and multiomics sequencing will add to deflationary pressures, while Tesla bear Gordon Johnson believes that the EV price deflation is due to a lack of demand.