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Technology Stocks : Wolf speed
WOLF 17.95-3.6%3:59 PM EST
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arun gera
To: robert b furman who wrote (10262)11/19/2020 5:06:43 PM
From: slacker7111 Recommendation  Read Replies (1) of 10713
 
Keep in mind that EV's have been around for 10 years this December and are about 3% of the US car market.




You've done a great job of describing the market and issues that are present today.

but for some reason, you think those issues will remain true for the next decade. If battery costs continue down their present rate of decline, EV's will be cheaper than ICE vehicles at almost every price point within the next decade.

I would point out that the first commercial cellphone in the US was in 1984. By 1994, it was still a niche service and mostly useless in rural areas.

but anybody with a bit of foresight could see where it was going. I didn't start investing until '97 and invested almost entirely in mobile for the next 20 years. It was fairly lucrative despite the collapse of the tech bubble. I happen to agree that we are in an EV bubble and that many of the valuations are absurd. It is likely that Cree is overvalued today, but picking the tops of bubbles is extremely difficult. The broader trend is in place. EV's will replace ICE vehicle sales across a number of regions and price markets.

Note that I didnt say all regions or price points. It will happen market by market and segment by segment and will take years to occur. Revolutions don't happen overnight.
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