Well, there are a few reasons why electric car sales are exploding in the UK, where they now account for nearly 10% of auto sales. I think awareness still hasn’t caught up to the many benefits of an electric car or the potential for financial savings compared to a “similar” fossil-fueled car, but consumers are waking up to these matters. On the latter topic, I’ll try to do my part again to bring some insight to this matter to more Brits.
A few weeks ago, thanks to a friendly Tesla fan on Twitter, The Guardian, and Rainforest Action Network, I shared the news that the top 3 banks funding fossil fuel development also — through a different arm — are providing bearish forecasts for Tesla [TSLA] and recommending traders sell the stock rather than buy it. The update this week: despite a surprise profit in quarter 3 and much of the market swinging in the other direction, the Tesla analysts at these top 3 fossil fuel funders are holding steady on their bearish stance and recommendation to sell.
Leading US residential solar PV provider Vivint Solar announced earlier this week that it had closed a new round of new financing worth $811 million to be used for various debt and corporate purposes.
According to trade group SEIA, the ongoing U.S. trade case against China was filed by a single company; they do not represent the entire solar industry.
