Elon Musk: "... the math makes it obvious that batteries are drastically cheaper. If you take the best case scenario for a fuel cell, as optimized as possible, it always loses against current LiIon. I think they felt for a long time that there was this need to do something. Since fuel cells were always ten years off in the future, they could keep saying they're doing something. At Tesla, we call them 'Fool Cells'."
http://gas2.org/2012/07/13/pandodailys-fireside-chat-with-elon-musk/
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