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Old 09-21-2023, 02:18 PM   #109 (permalink)
darcane
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Quote:
Originally Posted by redpoint5 View Post
I believe EVs will find the $10k+ value eventually, but nowhere near as quickly as that Viking guy selling. There's another kid from New Zealand that reminds me of the Viking and takes it a step further by referencing Wright's Law, assuming EV sales double every year, and each doubling reducing overall vehicle price by 30%, then says we'd be insane to not buy Tesla stock based on the "facts".
I agree.

If you resort to Wright's Law to "prove" that EVs will dominate the market, you're delusional. It only applies to new technologies, and even those are hit and miss. Some components of EVs might apply, but an entire EV definitely doesn't. There is little learning curve left on how to make a chassis, suspension, brakes etc, and these components will not drop significantly in price.

"Rumors of my demise have been greatly exaggerated!" - ICEV
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