Elon Musk’s Battery Farm has Saved $116 Million in 2 Years

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It goes without saying that Elon Musk, the founder of Tesla, is a very successful man.

And despite a few hiccups in the last year, Musk has proven himself a genius after it has emerged that his Australian battery farm has saved the country $116 million.

Keep scrolling to find out more…

Elon Musk is a very wealthy man.

Being the founder, CEO and Chief Engineering Designer of SpaceX and Tesla, he has an awful lot going for him.

But that’s not forgetting the little accident he had last year…

When unveiling Tesla’s latest Cyber truck design in November of last year, Musk got, for lack of a better word, a bit cocky.

So confident in the shatterproof design, he asked Tesla design chief Franz von Holshausen to throw a ball at the Cybertrucks window.

The ball shattered the Cybertrucks supposedly shatterproof glass and, well, made Musk look like a bit of an idiot.

After the fail during the presentation, Musk tweeted a video made earlier, when they had successfully practiced the stunt.

Musk’s presentation seemed to have seriously damaged Tesla’s reputation.

Admittedly, the cyber-esque design does look like something out of an early PC game.

People were mocking Muskdirectly.

As the founder and CEO of Tesla, Musk received a lot of criticism for the bizarre car design.

Frankly, this guy is so rich he can do whatever he very well wants to.

Musk is a seriously smart guy, and even if we don’t like the current Cyber truck design I bet they’re the start of a new era in automobile design.

Tesla finally unveiled it’s highly anticipated Tesla Roadster sports car for the first time at the European Grand Basel motor show in December.

The Roadster, an all-electric 4-seater machine that Tesla claims has a top speed exceeding 250mph, was revealed last year, but the firm has now shown it in public for the first time at the Swiss event, although the white model on display appeared to be a design shell.

It is a very fast model…

Tesla said the launch version, first confirmed during the launch event for the new Tesla Semi lorry in California,  will feature 10,000nm of torque (7376lb ft) from 3 motors. It can hit 60mph in 1.9 seconds, half-a-second quicker than the current fastest-accelerating Tesla, the Model S P100D.

Musk said the successor to Tesla’s first production car, which went off sale 6 years ago, can accelerate from zero to 100mph in 4.2 seconds and complete a quarter-mile sprint in 8.9 seconds.

And it seems that the whole Cybertruck disaster is now (finally) behind us all.

Back in 2017, Musk aimed to fix South Australia’s energy problem after residents would repeatedly suffer from power problems in their homes.

And the solution was Tesla creating the 100MW battery storage farm, the Hornsdale Power Reserve, which largely uses wind and solar power in 2017. It’s thought the farm cost Tesla around $50 million to create.

The battery farm has saved the people of Australia a lot of money.

It has ultimately saved Australia a whopping $116 million

As well as slashing the cost to regulate South Australia’s grid by an impressive ninety-one-percent.

This has massively impacted Australia’s storage market…

“Not only has the Hornsdale Power Reserve identified how batteries can physically help the grid, it has also shown how they can make money along the way,” Musk said. “More importantly, it has boosted investor confidence in the storage market by showing developers how revenues from different power based services can be stacked to build a business case for storage in Australia.”

The battery farm has put Jamestown and South Australia on the map as a world leader in renewable energy with battery storage.

Make sure to keep scrolling to learn about Tesla’s special “dog mode”…