Aussie traders rally around Tesla as shares tank

Zehrid Osmani, a portfolio manager in the local office of Scottish investment firm Martin Currie, said retail investors were right to be bullish on the EV market going forward. Martin Currie projected annualised growth of 40 per cent in the global sector over the 10 years to 2030.

A better bet on EV market growth might be to invest in suppliers such as electronics and components manufacturers, he said, which do not face the same level of intense competition or pricing pressure.The comments come amid the release of optimistic EV consumption research out of China, which is believed to be a key market in the sector’s growth prospects.

“The survey highlights the fact that EV adoption in China is moving from an emerging trend to the mainstream,” Fidelity’s head of Asia-Pacific research Victoria Mio said.

Source: Energy Industry News (energyindustrynews.net)

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