Tesla Inc. Chief Executive Elon Musk on Friday offered to help the state of South Australia overcome power outages by installing 100 megawatt hours worth of battery storage, according to media reports. Musk said he could fulfill a contract within 100 days, and if he failed, he would not charge for what would be about $25 million of battery storage. Mike Cannon-Brookes, the Australian co-founder of Silicon Valley startup Atlassian, on Friday tweeted Musk to ask if Tesla was serious about being able to install the capacity. Musk said Tesla could do it in 100 days of the contract being signed, or else provide it free, adding: “That serious enough for you?” Musk said he would charge $250 per kilowatt hour for 100 megawatt hour systems, which is equal to $25 million. Cannon-Brookes replied on Twitter: You’re on mate. Give me 7 days to try and sort out politics & funding.” South Australia has been hit by power outages after a record-breaking summer. Tesla shares were slightly higher premarket, and are up 19% in the last 12 months, matching the S&P 500’s gains.
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