To reach that, Musk testified Monday, there need to be three fundamental pillars in place: energy generation from solar, wind, nuclear or other non-fossil fuel sources; energy storage; and energy consumption, i.e., by electric vehicles. This is essential for humanity to have a good future, Musk said. We d (eventually) run out of oil and civilization would collapse.
By 2016, the year the acquisition was finalized, Tesla already offered two of those three pillars.
Its Powerwall batteries, which are intended to be used for home energy storage, checked the storage box. Its electric vehicles checked the consumption box.
SolarCity, which manufactured solar panels, was the third pillar, Musk and Chesler said Monday. Musk also stressed he received no financial gain from acquiring SolarCity.
Tesla Motors, Inc (NASDAQ:TSLA) - Elon Musk In SolarCity Trial Testimony Says Rather Hate Being Tesla CEO
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Tesla trial pauses after attorney for the plaintiffs VOMITED in the juror box
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Elon Musk s Tesla-SolarCity hearing halted by court room illness
foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.