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Cramer Says Musk Is Wrong By Focusing On Electric, Hydrogen Is Better

On CNBC's "Squawk on the Street," Jim Cramer discussed Elon Musk and his focus on electric, instead of other clean energy alternatives, such as hydrogen. "I think Elon Musk is going to be wrong by focusing on electric," said Cramer. adding that hydrogen is a great fuel.

· 11/13/2020 09:40

On CNBC's "Squawk on the Street," Jim Cramer discussed Elon Musk and his focus on electric, instead of other clean energy alternatives, such as hydrogen.

"I think Elon Musk is going to be wrong by focusing on electric," said Cramer. adding that hydrogen is a great fuel.

Musk's Tesla Motors (NASDAQ:TSLA) making electric vehicles and other electric-based products such as the Tesla Powerwall. He's been an advocate for the electric power source for many years. Fisker (NYSE:FSR), which recently debuted by a SPAC merger with Spartan Energy Acquisition is also a popular electric vehicle maker.

Using hydrogen as an energy source isn't as popular as electric, but developments in the sector have it becoming a more realistic option. The controversial Nikola (NASDAQ:NKLA) focuses on hydrogen-powered vehicles along with some electric vehicles.

FuelCell Energy (NASDAQ:FCEL) is a popular name in the hydrogen space. They don't make vehicles but its technology could help pioneer the industry forward.

Photo courtesy: Steve Jurvetson on Flickr.