Famed venture capitalist John Doerr thinks the Tesla bulls are probably right. Sponsored by MorganStanley
"I think the fundamentals of driving Tesla is the size of the market and the excellence of the product," Doerr said. "If you haven't driven a Tesla, people aren't buying Tesla because it's green. They're buying it because it's a great automobile."
The transportation sector is one of the largest contributors to U.S. greenhouse gas emissions, accounting for roughly one-third of emissions each year. The transition towards electric cars and trucks will be a critical solution to fighting climate change. "The powerful thing that Tesla has done beyond creating a trillion-dollar company that's worth as much as their next four competitors is they've put the global auto industry on notice that the future of electric transportation is what consumers will demand when we get cost and prices to be competitive globally." Doerr said.in the U.S. in recent years, according to IHS Markit.
Sales of electric vehicles are expected to comprise less than 4% of U.S. sales in 2021, according to industry forecasters. Of those, all-electric models, such as Teslas, are at just 2.6% of the market, or about 394,000 vehicles, according to forecasts by LMC Automotive.
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