Elon Musk defends SolarCity purchase in trial held in Delaware court
To reach that, Musk testified Monday, there need to be "three fundamental pillars" in place: energy generation from solar, wind, nuclear or other non-fossil fuel sources; energy storage; and energy consumption, i.e., by electric vehicles. "This is essential for humanity to have a good future," Musk said. "We'd (eventually) run out of oil and civilization would collapse." By 2016, the year the acquisition was finalized, Tesla already offered two of those three pillars. Its Powerwall batteries, which are intended to be used for home energy storage, checked the storage box. Its electri...