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Technology Stocks : The Electric Car, or MPG "what me worry?"
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To: John Koligman who wrote (349)9/17/2008 9:03:51 PM
From: RetiredNow  Read Replies (1) of 17569
 
We'll see. I do think $30K is the magic ceiling in order to hit mass market. But there is a mid-market that is viable. So at the current estimated $40K, you'll get a lot of sales. I think they'll have to drive that down to $30K within 3 years to really make a go of it. I hope they have planned on losing money on this business through 2013. They'll have to burn through a billion or two before it turns the corner. Then if they can stick with it, they'll have the market cornered on a game changer...unless Tesla or Toyota beat them to it. No matter how it pans out, there are several heavy hitters out there competing to get to the end state of the electric vehicle. Competition is great, because it will get us their faster.
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