Elon Musk Spends $218,000,000 on Battery Company for Tesla

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Added 4 years ago by admin

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Tesla today acquired a battery company named Maxwell Technologies for $218,000,000. This was a big deal for Elon Musk and Tesla to make at the given time for 2 main reason in my opinion. Maxwell has some very interesting battery technology that should help the Tesla battery business expand considerably over future years. Do you think this was a good move by Elon Musk and Tesla to buy Maxwell technologies for over 200 million dollars?

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