Elon Musk's Tesla hangs up for-sale sign at SA virtual power plant
Street Talk
Sep 13, 2024 – 5.00am
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Elon Musk is not a counterparty that Aussie core-plus infrastructure dealmakers bump into often while hunting for deals. But that’s about to change – well, sort of.
Tesla, capitalised at $US715 billion ($1 trillion) on the Nasdaq, has hung the for-sale sign at its South Australian virtual power plant, which was billed as the world’s biggest when former SA Premier Jay Weatherill announced it during the 2018 elections.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at [email protected]
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at [email protected]
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