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posted by
martyb
on Tuesday October 03 2017, @01:26AM
from the follows-highly-charged-negotiations dept.
from the follows-highly-charged-negotiations dept.
The plan to build the 100MW (129MWh) lithium battery grew out of a Twitter bet between Tesla boss Elon Musk and Australian software entrepreneur Mike Cannon-Brookes.
Mr Musk said Tesla would build the wind-charged battery in 100 days or the state would not have to pay for it.
[...] Tesla has given itself a good chance of hitting the self-imposed deadline because construction of the battery began long before the clock started counting down.
The official countdown to the end of the 100-day deadline commenced on 30 September, after the project was given approval by Australian energy regulators.
Mr Musk said that if Tesla missed the deadline it stood to lose about $50m (£38m).
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Tesla: World's Biggest Battery Half-Built
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(Score: 5, Insightful) by lentilla on Tuesday October 03 2017, @09:33AM (2 children)
It's not really a bet. It's the ultimate form of respect for the customer (here: the taxpayer). The specified job will get done, for the agreed price, in the agreed timeframe, otherwise there's no charge. It's confident and clean - no weaseling around, no excuses.
This is business as it should be done. It doesn't leave a bad taste - it's honest, honourable, and both customer and businessman benefit from the exchange.
(Score: 0) by Anonymous Coward on Tuesday October 03 2017, @12:31PM (1 child)
Cannot mod you higher. The problem here is the word "bet". I "bet" that I'll deliver you a new refrigerator you wanted on Thursday for $1000. If I win, you pay me $1000 for the refrigerator/delivery. If I lose, you don't pay anything.
In any sane world we don't call this a "Bet" - we call it a "Business Contract," or a "Money-Back Guarantee."
(Score: 2) by lentilla on Tuesday October 03 2017, @01:07PM
Pragmatically, same outcome.
If a wanted a fridge and the salesperson finished their pitch with an "I'll bet you", I'd raise an eyebrow and say "hell yes, buddy! I like your style!".