Elon Musk Says Utilities Shouldn’t Fear His Battery Systems

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Elon Musk, co-founder and chief executive officer of Tesla Motors Inc., speaks during the unveiling of the company's "Powerwall' at an event in Hawthorne, Calif., on April 30, 2015.

Photographer: Tim Rue/Bloomberg

Elon Musk, chief executive officer of Tesla Motors Inc., told electric utility owners they shouldn’t fear that his battery systems will put them out of business -- instead, they should buy them.

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