Every consultant agreed that EVs were the future.
What fewer people priced was the cost of getting there.
Early capex. Bad unit economics. Policy intervention. Write-offs.
Turns out inevitability in slide decks does not increase profit margin.
AI is starting to look eerily similar - technology predictions, science fiction narratives, and because capital and consultants keep showing up before the economics.
I put together a deep dive using the EV industry to analyze AI from an investor perspective. Not hype, not doom—just the mechanics of how money moves in transitions.
This is Part I of a series (Dotcom, GFC, Covid next).
Link here if you want the full argument:
'Tesla Was the Warm-Up. AI Is the Main Event
Lessons from Tesla, EVs, and the physics of modern bubbles for the AI Investor'
Would honestly love to hear your thoughts