TECH - Tesla Executive Echoes Elon Musk On Funding Of Hydrogen Infrastructure: There Is An 'Illogical Government Addiction' | Benzinga
Tesla Inc (NASDAQ:TSLA) executive Rohan Patel on Tuesday termed government incentives for the utilization of Hydrogen an ‘illogical government addiction,’ echoing the sentiments of company CEO Elon Musk.
What Happened: Patel said in an X post that the investment into Hydrogen is due to the ‘wild amount’ of lobbying by the industry. However, all investment and lobbying will not result in anything useful, he said.
“It’ll just be an embarrassment for those who continue to spend public dollars on a technology that comparatively makes no sense from an efficiency and cost perspective,” Patel wrote.
While expressing sympathies for those in Japan, Korea, and California who sought to fund Hydrogen transportation infrastructure, Patel said, “But the evidence from years of trying ...