WHY ARK REALLY BOUGHT GM OVER TSLA / LYN ALDEN ON COMMODITIES / GIGA SHANGHAI'S ISSUES

EV Channels Review

The host discusses ARK Invest's recent purchase of GM shares, interpreting it as a strategic move into autonomous vehicle technology, primarily through GM's majority stake in Cruise. While acknowledging GM's significant investment in Cruise and its ambitious expansion plans in San Francisco, the reviewer expresses personal disinterest in investing in GM, focusing instead on Cruise's potential profitability. The video also touches upon Panasonic's plans for a new US battery plant to supply Tesla with 4680 cells, the challenges at Giga Shanghai due to COVID-19 lockdowns, and Tesla's expanding supply chain efforts in Canada. Additionally, VW's CEO Herbert Diess admits Tesla's faster-than-expected progress in the EV market, and a potential battery shortage is highlighted, emphasizing reliance on Asian markets.