Kandi Successfully Crosses Technology 'Valley of Death'
My friend and frequent electric vehicle (EV) critic John Petersen recently worried that Tesla (NASD:TSLA) shareholders now buying the stock because of the launch of the company's new Model S were doomed to lose money, since the company is just entering the "trough of disillusionment," as shown in this stylized diagram of the losses a company suffers in the Valley of Death from Osawa and Miyazaki.
Although Petersen is relentlessly negative on EVs, he has a great depth of experience with launching new technologies, and investors ignore him at their peril.
Fortunately, Tesla is not the only EV game in town, and there is another EV company at a much more auspicious stage of the product cycle. That company is Chinese mini-EV manufacturer Kandi Technologies (NASD:KNDI). Incidentally, Kandi is the only EV company Petersen has ever written a positive article about.
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