Cathie Wood isn’t pleased about one of her most popular investments, Tesla Inc., being excluded from a prominent index that tracks eco- and socially friendly companies.
The announcement from S&P Dow Jones Indices might come as a shock to some, given that the vehicle manufacturer is seen as a pioneer of producing EVs for the masses, perhaps laying the groundwork for large manufacturers such as Ford Motor F, -5.54% and General Motors Co. GM, -5.96%, who are racing to compete with Tesla in EVs on a bigger scale after badly falling behind Musk & Co. in the low-carbon category.
Tesla has been one of the biggest and most successful investments for Wood, the CEO of ARK Investment Management, whose bullishness on disruptive companies like Tesla helped propel her to fame on Wall Street. Wood’s flagship ARK Innovation ETF ARKK, -4.43% has tumbled about 74% from its peak back in mid-February 2021, and is down more than 56% thus far in 2022.
She voluntarily spells her name like it's a euphemism for catheter so I'm not sure I can trust her thought processes
S&P 500 ESG Index is a joke anyway. Half the companies on the list don't even represent what ESG stands for.
Teslas value was rediiculous
Keep crying
Good ro see some BODY is standing behind accountability.
Almost as ridiculous as her funds 'returns'
Cathy Wood and her 'investment' approach is ridiculous.
😂😂
Yeah, because she'll lose money
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