Elon Musk says no to Formula E

Formula E has attracted several big-name teams for its inaugural season, including Andretti Autosport and Jay Penske’s Dragon Racing. However, a big name on the U.S. West Coast has decided not to participate — Elon Musk. The founder and CEO of electric car manufacturer Tesla Motors will not be involved in the series.

Agag said, "What Elon Musk told us was that he was focusing very much on his road-car program, and at the moment he has no intention to go racing."

While Musk’s name will not be associated with Formula E for now, Agag respects the entrepreneur and hopes to have Tesla join the series at some point.

"I think what Elon Musk has done for the image of the electric car has been fantastic," he said.

"But unfortunately at the moment we won’t have them with us." HJ Mai/Sportsbusinessdaily.com