Musk Bets He Can Fix Aussie Power Woes in 100 Days or It’s Free
I know nothing about the Australian power grid but I do know a fair bit about batteries.<p>The cost of batteries and surrounding hardware here means that on this particular deal Musk is losing money. 100 days isn&#x27;t a lot of time, and he needs to get about 1% of yearly global li-ion battery production to Australia, build surrounding hardware, AND install it in 3 months.<p>It&#x27;s definitely doable, and he&#x27;s not giving out-of-this-world prices, but he is losing money here.<p>It is completely worth it though: a lot of backup battery plants are hilariously overpriced and seeing &quot;oh, this Australian company got 100mWh for $25MM, we paid $100MM for the same&quot; will probably get some people thinking about switching to Tesla.<p>Also worth noting that Tesla&#x27;s battery costs will drop in the future, so if a utility company asks them in a year from now for the same $250&#x2F;kWh rates they can probably get them.<p>(Yes, I am &#x27;that battery guy&#x27; that makes battery systems and comments on battery stuff a lot here.)