Author Bio
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
In a development that sounds more like the action of a supervillain in a science-fiction movie than a corporate asset-building move,
Tesla Motors (NASDAQ:TSLA) is constructing a giant battery in Texas. According to Bloomberg, which broke the story, a subsidiary of the Elon Musk-fronted electric vehicle (EV) company called Gambit Energy Storage is managing the project.
By
Mar 09, 2021 05:12 AM EST
(Photo : (Photo by Justin Sullivan/Getty Images) After nearly collapsing last month, the previously unrevealed construction of a secret mega battery connected to an ailing electric grid showed that Tesla founder, Elon Musk, is getting into the epicenter of the United States energy economy.
After nearly collapsing last month, the previously unrevealed construction of a secret mega-battery connected to an ailing electric grid showed that Tesla founder, Elon Musk, is getting into the epicenter of the United States energy economy.
According to Bloomberg, Musk is silently getting into the Texas power market after the revelation of the gigantic battery, marking the move as Tesla Inc. s first major foray into the energy market of the U.S. Based on the report, a subsidiary of Tesla registered as Gambit Energy Storage LLC is quietly building a more than 100-megawatt energy storage project in Angleton, Texas, which is a town, es