Six years ago your hypothetical 1 million electrics would be less than half of one percent. Serious dent? Heck that's barely a ding around here.
"254.4 million registered passenger vehicles in the United States according to a 2007 DOT study"
but if 1 million electric cars are on the road displacing gas demand with electric demand....that will put a serious dent in the demand for oil ....
Six years ago your hypothetical 1 million electrics would be less than half of one percent. Serious dent? Heck that’s barely a ding around here.
“254.4 million registered passenger vehicles in the United States according to a 2007 DOT study”
..........
Ok yeah you’re right; it will take more than a million cars running on electricity to make a serious dent in the car market. More like 50 million cars. If the Tesla makes a 30k car in 2016, then they might hit 50 million cars in 2030. Just my wag.
The reason that the stock price is so high for Tesla is not because of confidence in the car or the company but because of confidence in Elon Musk who founded Paypal and SpaceX. People generally think that if the electric car can be successful—he’s the kind of guy who can make it happen. the business types love every move he makes and the technical types love the car designs. the tesla cars are currently status symbols in the way apple products were for years.