Elon Musk made good on his promise to deliver the world’s largest Li-ion battery unit to the Australian government. In record time too, 63 days after signing the agreement
. The 100MW battery farm has enough storage capacity to power more than 30,000 homes. Most thought he wouldn’t get it done, his track record with Tesla delays suggested so. But the nature of trying and failing is that, at some point(s), you get it right. Musk is taking the venture capital model - many attempts with the expectation of failure but the successful attempts make up for the losses incurred by failures - being applied to running a business. Jeff Bezos calls it a ‘truncated outcome distribution
’ and he uses a baseball analogy
“when you swing no matter how well you connect with the ball, the most runs you can get is four. In business, every once in a while, when you step up to the plate, you can score 1,000 runs. This long-tailed distribution of returns is why it’s important to be bold. Big winners pay for so many experiments”
And it is exactly why, in a twitter exchange with the Governor of Puerto Rico right after Hurricane Maria, Elon Musk suggested Tesla would come in and provide distributed power to bring electricity back to PR.