Why Did Elon Musk Spend $218 Million On an Ultracapacitor Company?

Greentech Media
By info@greentechmedia.comFeb 27, 2019, 6:00 pm287 pts
Earlier this month, Tesla announced plans to acquire Maxwell Technologies, an established, 380-employee ultracapacitor and storage materials firm for $218 million in an all-stock deal. It’s easy for a transaction of this sort to get lost in the Tesla media cycle. Elon Musk was once intent on…

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