A Greentech Bubble?
Surging greentech stocks have led to a debate about whether we are on the cusp of a Green Revolution, or yet another asset-price bubble. In fact, both interpretations are provisionally correct, because all now depends on whether governments will step in to provide the necessary rules, infrastructure, and markets.
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CAMBRIDGE – Following the tenfold growth of Tesla’s stock between March 2020 and January 2021, the company’s founder, Elon Musk, has emerged as the avatar of green innovation. The Tesla phenomenon has spilled over into the rest of the nascent electric-vehicle (EV) industry, sprinkling stardust on a host of green startups with unproven technologies and minimal revenues.