Elon Musk Mocks Nikola Motors As “Dumb.” Is He Right?

Tierr@_de_N@die: It doesn't really matter what Elon thinks about hydrogen, because after years of expectations never achieved it seems that finally fuel cell cars (and specially trucks) have arrived to stay among us. At least the stocks' performance show it.

Why did hydrogen stocks, and Nikola in particular, flip from “hated” to “loved?” You could point to a lot of reasons. One is that expectations fell into line with reality. Folks realized that America will never run on hydrogen cars. But as a specialized solution, hydrogen vehicles could still be big.

For example, big companies with huge fleets of trucks like UPS and FedEx are already starting to use them.

Many environmentalists have gotten on board with hydrogen, too. Hydrogen fuel cells are very clean. They don’t produce exhaust or any other form of pollution. Their only byproduct is water and heat.

Nikola’s charismatic founder Trevor Milton played a part too. He’s energetic and masterful at getting investors to buy into his vision.

Source (finance.yahoo.com): Elon Musk Mocks Nikola Motors As “Dumb.” Is He Right?