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Friday, 07/07/2017 4:29:37 PM

Friday, July 07, 2017 4:29:37 PM

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SeekingAlpha: Tesla building world's largest battery system

Tesla (NASDAQ:TSLA) has agreed to build the world's largest lithium-ion battery storage project in South Australia as the state battles outages that have driven up energy prices.

The company outbid 91 other firms for the contract to install a 100 megawatt facility, while Elon Musk said that if the project is not completed in 100 days, it will be free.

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