This chart:
![]()
...is a great example (a perfect example!!) of the perils of "believing" current forecasts in this space.
Just look at what it tells us: in 2015, "experts" forecast 70 GWh of gigafactory capacity would be built by 2021. Just 2 years later, these same "experts" revise up that number to 372 GWh.
This is what happens with accelerating demand growth and exponential technology cost and development progression.
What can we learn from this..? Well, for starters, take with a bag of salt those forecasts for demand/pricing etc looking ahead 3/4/5 years...
For me, it's just a reminder that while we all think we know what's unfolding, and those "expert" analysts all think they know it too, we don't really know much, and are extremely likely to be massively surprised to the upside on demand and pricing as that hockey stick starts to take shape.
For all the chartists out there, this is one chart that you shouldn't overlook, as it is essentially us (the observers/market/experts/punters) giving ourselves an uppercut three years in a row for so woefully underestimating the pace and trajectory that this rEVolution is on...
Next question is... how does the global supply of Lithium double by 2021 in order to supply this "current" forecast of gigafactory capacity..?
Hold on for the ride people, it's gonna get exciting!!
IMO DYOR you know the drill...
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