Saturday, 6 December 2014

Why Elon Musk's Batteries Scare the Hell Out of the Electric Company

Why Elon Musk's Batteries Scare the Hell Out of the Electric Company


Here’s why something as basic as a battery both thrills and terrifies the U.S. utility industry. At a sagebrush-strewn industrial park outside of Reno, Nevada, bulldozers are clearing dirt for Tesla Motors Inc. (TSLA)’s battery factory, projected to be the world’s largest. Tesla’s founder, Elon Musk, sees the $5 billion facility as a key step...

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