Friday, January 27, 2023

Elon Musk ties up with Iberdrola to bring hydrogen to its Tesla cars

If you thought buying Twitter was the most surprising thing Elon Musk did this 2022, it’s even more surprising now that he’s set his sights on one of the biggest Spanish companies: energy company Iberdrola.

MEXICO.- According to North American podcaster and journalist, Tim Phillips, In his latest chapter of his famous podcast vox talks, Musk’s idea is to approach the world of hydrogen to try to bring it into our cars Tesla or for his truck semi Same brand.

And for this he has thrown himself iberdrolaOne of the companies most committed to green hydrogen in the world.

What do you want musk It’s also reaching an agreement between Tesla and Iberdrola to exchange a stake and even getting to sit on the electric company’s board in exchange for another chair for Tesla’s Ignacio Gallen. .

exchange of shares

Today Iberdrola costs a little more than 68,000 million While the price of the electric car maker is 350,000 million So the exchange could be about 5 shares of Iberdrola for every Tesla.

The figure the controversial businessman is considering is an approximate exchange of approx. 2.5 billion dollars, An amount sufficient to guarantee a voice and vote in the highest governing body of the electric company.

According to people close to the talks, at Iberdrola they want to ask Musk for a favor and that is instead of putting blue ticks on verified accounts TwitterThe new color is Iberdrola green.

The agreement will also agree to produce green hydrogen simultaneously America and other large markets where both the companies are already established.

In addition, the operation would be open to other players in the hydrogen sector such as electrolyzer manufacturers.

And it is that Musk wants to take advantage of this brilliant plan Biden To inject hydrogen into your cars. And Iberdrola would be an ideal partner because it is one of the utilities with the highest renewable generation in the US.

It would be a tremendous coup in the automobile industry to bring Tesla out of nowhere.

Creating a hydrogen Tesla model will open a new window of fresh air in the automotive sector,” commented the journalist on his podcast.

Fuentes: vox talks,

May interest you: Tesla sets its sights on Mexico with an automotive factory in Nuevo León

Nation World News Desk
Nation World News Desk
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