Joe Biden Counters Tesla CEO Elon Musk's Hydrogen Skepticism With Optimism: 'Emissions Reductions … Will Be The Equivalent Of…'
Portfolio Pulse from Anan Ashraf
President Joe Biden has announced $7 billion in funding for hydrogen hubs to develop clean hydrogen as an alternate energy source. This move counters Tesla Inc. CEO Elon Musk's skepticism about hydrogen as an energy source for vehicles. The Biden administration has selected seven regional clean hydrogen hubs to receive the funding, which is expected to catalyze over $40 billion in private investment and create tens of thousands of jobs.
October 14, 2023 | 1:01 pm
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Tesla's CEO Elon Musk has been a critic of hydrogen as an energy source for vehicles. The government's funding towards hydrogen hubs could potentially impact Tesla's market dominance in the electric vehicle sector.
The government's funding towards hydrogen hubs indicates a push towards alternative energy sources, which could potentially challenge Tesla's dominance in the electric vehicle sector. Elon Musk's skepticism about hydrogen as an energy source for vehicles could potentially put Tesla at odds with the government's energy policies.
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