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Musk Bets He Can Fix Aussie Power Woes in 100 Days or It’s Free

  • Billionaire’s bet on 100-day solution months after blackout
  • Prime Minister Turnbull has blamed take-up of renewable power
Bloomberg business news

Why Investors Have Faith in Elon Musk

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Billionaire Elon Musk just bet he can solve a looming energy crisis in Australia within 100 days by deploying Tesla Inc. technology to plug a supply gap that’s caused power blackouts.

In a conversation on Twitter with Australian tech billionaire Mike Cannon-Brookes, Musk backed up an earlier commitment Tesla made Thursday, reported by the Australian Financial Review, to deploy its batteries to provide as much as 300 megawatt hours of energy to prevent blackouts in the state of South Australia.