1996 was the founding year of the German Hydrogen Association (DWV). After now more than 20 years of actively contributing to the development of the German and European H2 and fuel cell industry and a change in name, the members of the German Hydrogen and Fuel Cell Association, their guests and some of the founders met in Berlin, Germany, on July 6, 2016, to celebrate the two-decade anniversary with representatives from politics and business.
The losses of the US-based company increased during the last quarter of 2015 to USD 320 million. Over the entire year, they added up to around USD 980 million. Whether you choose GAAP (the default rulebook) or the visually more enticing non-GAAP accounting standards (with the latter, the result per share seems to improve “cosmetically”) is not the main question. The larger issue is whether the trend points to a balanced result or even a profit. That was now the plan for 2016, as CEO Elon Musk announced.