Cramer Says Musk Is Wrong By Focusing On Electric, Says Hydrogen Is Great

On CNBC's "Squawk on the Street," Jim Cramer discussed Elon Musk and his focus on electric, instead of other clean energy alternatives, such as hydrogen.

"I think Elon Musk is going to be wrong by focusing on electric," said Cramer. adding that hydrogen is a great fuel.

Musk's Tesla Motors TSLA making electric vehicles and other electric-based products such as the Tesla Powerwall. He's been an advocate for the electric power source for many years. Fisker FSR, which recently debuted by a SPAC merger with Spartan Energy Acquisition is also a popular electric vehicle maker.

Using hydrogen as an energy source isn't as popular as electric, but developments in the sector have it becoming a more realistic option. The controversial Nikola NKLA focuses on hydrogen-powered vehicles along with some electric vehicles.

FuelCell Energy FCEL is a popular name in the hydrogen space. They don't make vehicles but its technology could help pioneer the industry forward.

Photo courtesy: Steve Jurvetson on Flickr.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!