Elon Musk vs. Plug Power Stock: Here's What the CEO of Tesla Thinks About Hydrogen Energy
Elon Musk has expressed skepticism about hydrogen energy, calling hydrogen-powered cars 'extremely silly' and stating that 'fuel cells = fool sells.' Musk's comments are relevant to investors in Plug Power, a major designer and manufacturer of hydrogen fuel systems.
Plug Power is a major designer and manufacturer of hydrogen fuel systems. Elon Musk, CEO of Tesla, has commented on hydrogen energy, despite never directly mentioning Plug Power stock. Musk has expressed skepticism about hydrogen-powered cars, stating they are 'extremely silly.' In 2015, he noted that making, storing, and using hydrogen in cars is 'very difficult.' Musk tweeted 'fuel cells = fool sells' in 2020. However, Musk's comments are primarily focused on hydrogen-powered cars, and other use cases like steel, chemical, and aero industries may still be viable. The AI industry's growing need for new fuel sources may also impact hydrogen fuel's potential.
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