Elon Musk says Tesla caused two-thirds of his personal and professional pain

tesla musk thirds personal professional
Middle East
  • Date: 22-Jul-2021
  • Source: CNBC
  • Sector: Economy
  • Country: Middle East
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Elon Musk says Tesla caused two-thirds of his personal and professional pain

Tesla CEO said Wednesday that his electric vehicle and solar business could help bitcoin miners switch to renewable energy, but is currently limited by tight supply of battery cells. He also acknowledged that is still not manufacturing its custom-designed 4680 cells for commercial use in electric cars or energy storage systems yet. The comments came during an appearance at The B Word Conference, which was focused on bitcoin and other cryptocurrencies. During a panel, Crypto lead Steve Lee asked Musk what the energy-intensive bitcoin industry can do "to accelerate the transition to renewable energy" and "could Tesla Energy play a role?" Musk replied, "Well, I think Tesla can play a role." Then, the 50-year-old CEO broke into a reflective moment, implying that Tesla's entire reason for existence was to transition the world to clean energy. "I would say I've had some pretty tough life experiences and Tesla's probably responsible for two-thirds of all personal and professional pain combined to give you a sense of perspective there." Tesla's energy business Tesla has been selling commercial and residential solar installations since acquiring SolarCity in 2016 for around $2.6 billion, a deal that landed Musk in a this month. But before it