Electric Vehicles - Love 'em or Hate 'em?

[bobabode]

"Elon Musk sold about $4 billion worth of Tesla Inc. stock days after reaching a $44 billion deal to buy Twitter Inc.

The Tesla chief executive officer offloaded 4.4 million shares on April 26 and April 27, according to regulatory filings. Musk has now disposed of more than $20 billion worth of stock in the electric-car maker during the last six months."
Bloomberg

https://www.msn.com/en-us/news/polit...c156ad3753d133

Hmm. Maybe the wunderkind is losing faith in his car company? I know I'd prefer a Rivian or even a Ford (gasp) over Elon's pick up.

[Not Insane]

Originally Posted by bobabode

Hmm. Maybe the wunderkind is losing faith in his car company? I know I'd prefer a Rivian or even a Ford (gasp) over Elon's pick up.

It's also possible he's lost faith in electric in general. It's still not ready for prime time. It may take decades of technology improvements to come up with the electric equivalent of the Model T*. "Plug in" electric has not hit that point yet. And even hybrids are challenged by what it would mean to be mass producing the batteries they use. They need new battery tech for that to happen.

*That is, it puts it in the hands of the masses.