Part 5/10:
Brett Winton, an industry analyst, sharply criticizes government forecasts for EV adoption. Past projections, with a budget of $150 million, vastly underestimated the rapid growth of EVs—especially in China, Europe, and the US. For instance, previous estimates predicted only around 14% EV penetration by 2040, yet current realities have already exceeded these figures significantly.
This comment highlights an important market overhang: institutions and governments have historically misjudged EV adoption. Such miscalculations present a compelling buying opportunity for savvy investors, especially as markets experience downturns. Despite broader market declines, Tesla stock has been buoyant, reflecting investor confidence in Musk’s vision and Tesla’s execution.