Bill Gates praised Tesla and its CEO Elon Musk's contributions on mitigating climate change in a New York Times podcast this week finance.yahoo.com/news/bill-gate…
What Happened :
"Well, it’s important to say that what Elon did with Tesla is one of the greatest contributions to climate change anyone’s ever made,” the billionaire-philanthropist said on NYT opinion writer Kara Swisher’s twice-weekly podcast “Sway"
“Underestimating Elon is not a good idea,” Gates added.
Why It Matters :
The Microsoft co-founder's comments follow Musk's appearance on Joe Rogan's podcast where he said he had heard that Gates might have had a short position on Tesla stock :
Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany, with the European arm of the automotive giant committing to go “all-in” on electric vehicles in the years ahead cnbc.com/2021/02/17/for…
In plans announced Wednesday morning, Ford said its entire passenger vehicle range in Europe would be “zero-emissions capable, all-electric or plug-in hybrid” by the middle of 2026, with a “completely all-electric” offering by 2030
The investment in Cologne will see the company update an existing assembly plant, converting it into a facility focused on the production of electric vehicles