Elon Musk, who is the boss of Tesla (a car company), said that he thinks making good cars, like Teslas, is the best way to get more people to use electric cars instead of cars that use gasoline. He doesn't think that scaring people about the environment is the way to do it. He believes that in the future, people will want to use electric cars anyway because they are better for the environment and we will run out of gasoline eventually. Read from source...
1. Elon Musk seems to undermine the importance of climate change as an immediate issue, despite being in the EV industry. This suggests that his company's mission may be overstated in terms of urgency.
2. Musk's response that better products will convince people to switch to EVs instead of gas cars appears to lack consideration for the environmental damage caused by the production and disposal of electric vehicles.
3. The statement that oil and gas will run out down the road displays Musk's lack of understanding or awareness of the current energy landscape, since these resources constitute a tiny fraction of the total energy mix and will continue to be used for centuries.
4. Musk's dismissive stance towards climate change risks, especially when contrasted with Republican presidential candidate Donald Trump's comments, is disappointing and reveals a lack of comprehensive understanding of the scale and gravity of this problem.
5. This article shines a light on the lack of cohesive and informed thinking on sustainability and environmental issues, even among leaders in the field. It indicates the need for further discussion, analysis and action in this crucial area.
1. Tesla Inc. (TSLA) - Despite Elon Musk's statement that good products will drive the transition to EVs, TSLA has been facing challenges in terms of production and demand. The recent slowdown in the EV market and the impact of the COVID-19 pandemic on global auto sales are risks to consider. However, as the world's largest battery electric vehicle seller, TSLA still holds significant potential for growth.
2. Other eco-friendly mobility companies - Considering Musk's statement, investing in companies that focus on building better products to promote eco-friendly mobility options might be a wise decision. These could include companies such as ChargePoint, Inc. (CHPT), which provides electric vehicle charging services, or Enphase Energy, Inc. (ENPH), which produces microinverters for solar energy systems.
3. Industries with sustainability-focused strategies - Musk's comments indicate a shift towards more sustainable practices in the automotive industry. Therefore, investing in industries that prioritize sustainability, such as renewable energy, could be an attractive option. Examples include First Solar, Inc. (FSLR), which engages in the design, manufacturing, and installation of solar power systems, or Tesla's competitors, such as Ford Motor Company (F) or General Motors Company (GM), which are also working towards transitioning to EVs.