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posted by martyb on Tuesday October 03 2017, @01:26AM   Printer-friendly
from the follows-highly-charged-negotiations dept.

Tesla has reached the half-way point in its plan to build the world's biggest battery, in South Australia.

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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  • (Score: 0) by Anonymous Coward on Tuesday October 03 2017, @12:31PM (1 child)

    by Anonymous Coward on Tuesday October 03 2017, @12:31PM (#576551)

    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

    by lentilla (1770) on Tuesday October 03 2017, @01:07PM (#576562)

    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!".