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Tesla in grip of Bitcoin fever

Tesla in grip of Bitcoin fever

That Tesla chief Elon Musk would, one way or another, place his trust in Bitcoin was to be expected. He had already stated his interest and his enthusiasm for the cryptocurrency many times in the past and had previously considered switching the whole of his corporate financing to this digital money format. Words turned to action, with Tesla investing USD 1.5 billion in bitcoins.

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Nikola Motors – GM bows out

Nikola Motors – GM bows out

The hammer fell on Nov. 30, 2020. General Motors will not buy into Nikola. But according to the new memorandum of understanding, GM still wants to work with Nikola on battery and fuel cell technology. Consequently, the Badger pickup truck will not emerge from GM’s assembly line as planned. And the originally projected USD 2 billion investment is also rendered moot. As a result, Nikola stock plummeted.

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Tesla joins S&P 500

Tesla joins S&P 500

Graphic representation of Tesla's stock index
© www.finanzen.net

It may seem contradictory, since joining an important market index is a very good thing, requiring funds to adjust their holdings. In Tesla’s case, I see at least USD 8 billion would have to be invested through them. I tend to doubt this will automatically lead to a massive increase in valuation. Index funds may already have positions based on a variety of investment vehicles, such as options that can be turned into shares without any relevant influence on the price. Perhaps out of pure contrariness, the stock could turn sour when things are looking their best because analysts, investors and the media see only rising prices, completely ignoring the risks.

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H2 Energy on track for expansion

H2 Energy on track for expansion

Huber

Rolf Huber, © Pionierpreis

H2 Energy, a Swiss corporation based in the Glattpark industrial area in Opfikon, near Zurich, is gradually expanding its reach. CEO Philipp Dietrich said that the company would now concentrate its efforts on the German market. In mid-January, it formed a joint venture with Global Automotive Partners. Reportedly, the new business, called H2 Energy Deutschland, will sell renewable hydrogen produced in Pliening (more…)

Trump Administration Update

Trump Administration Update

ExxonMobil

Ad by ExxonMobil and FuelCell Energy, © ExxonMobil

The Trump government’s move toward fossil fuels has intensified in the fourth quarter. The Energy Information Center is primarily intended for power plants that are to receive a certain electricity price in order to be able to guarantee base load protection. The Environmental Protection Agency (EPA) is committed to revamping and eliminating the clean power plan. (more…)