Zero to One: Notes on Startups, or How to Build the Future · chapter 5 · id zero-to-one-c5-08-cleantech-startups-failed-by-t

“Cleantech startups failed by targeting markets that were too large from the start. Tesla succeeded by starting with a tiny niche: the $109,000 Roadster for wealthy tech enthusiasts.”

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MIT Energy Initiative (2016) -- Venture Capital and Cleantechsource alive
Cleantech VC invested $25B+ from 2006-2011 with less than half returned. Companies targeting massive markets like utility-scale solar or biofuels had the worst loss rates: over 90% failure.
Tesla Roadster (2008) -- Wikipediasource alive
The first Tesla Roadster launched in 2008 at $109,000 base price. Only 2,450 units were produced (2008-2012). Tesla used this niche to prove technology, build brand, and fund development of the Model S.

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