The electric-car maker arrived at an agreement to sell vehicle motor plus battery pack components to the tunnel-digging start-up, according to a proxy statement. Tesla said it expects to send Boring Co. an invoice totaling regarding $400, 000 for this year plus 2017.
It’ s not the only real case in which money is modifying hands between Tesla and other businesses led by its chief executive officer. Musk’ s Area Exploration Technologies Corp. reached an agreement in June to pay for Tesla $1. 9 million for the microgrid energy system and set up services. In March, the skyrocket company bought another $150, 1000 in additional equipment, and the associated work will be completed in the second one fourth, according to Tesla.
SpaceX also has charged Tesla to be used of the aircraft that the rocket firm and Musk own and run. Last year, Tesla racked up legislation of almost $750, 000 below these arrangements.