THE ELECTRIC TRANSPORT BUBBLE GIVES US A NEW TWENTY-EIGHT BILLION
![](https://scenarieconomici.it/wp-content/uploads/2020/10/hylli-150x150.jpg)
First it was DotCom, then finance, then cryptocurrencies and ICOs, now electric transport. The West of the last twenty years is characterized not by real growth, but by the succession of bubbles created by the ever-present abundance of monetary means and investors / bettors / deluded people who are willing to move them.
The latest case, that of electric transportation in its commercial version, has given us another billionaire: Thomas Healy, CEO of Hyliion Holdings Corps, has just launched his company with a Special Purpose Acquisition Company (SPAC) with Tortoise Acquisitions, and the quotation, albeit limited, has made him a fresh billionaire for the value of the shares he still holds. A SPAC is a quotation limited to professional operators of a company that is not yet operational, but which should become one and therefore enter the official stock exchange with an IPO. Practically a blank check given, in this case, to Thomas Healy who made him enter among the super rich with his company founded less than 5 years ago.
The reason for the success is that Hyllion should produce what is completely lacking on the market, that is an electric 18-wheeler truck, and that Healy delayed the listing from March to October, avoiding the fall of the stock market and taking advantage of the liquid funds abundantly made available. of the banks and the super rich by the Fed. Perfect timing that made him rich.
Hyliion, however, is only the latest arrival in the electric dream of commercial transport: before him there were Tesla, and Nikola. Although the project market is starting to get crowded, for now, no electric truck is seen on American or European roads, even if Nikola has made his vehicle “run” by pushing it down a hill. For these reasons, the SEC, the American supervisory body, is paying attention to this highly speculative and poorly controlled sector. The Nikola case has turned on too many radars in finance. Of course Hyliion is, for its founder, different: “There will also be other electric trucks, which will take a different approach. We hope all of these technologies are successful as we are ultimately looking to make the switch to electric. The more people are focused on this, the better. " Too bad that perhaps IVECO electric trucks will not bring a penny to Hyliion investors …
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The article LA BOLLA ELETTRICA DEI TRASPORTI GIVES US A NEW TWENTY-EIGHT BILLIONAIRE comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-bolla-elettrica-dei-trasporti-ci-regala-un-nuovo-miliardario-ventottenne/ on Wed, 07 Oct 2020 09:00:33 +0000.