Billion-Dollar Project Better Place Bought For $450,000

Just two years ago, Shai Agassi’s innovative battery-swapping electric automaker/infrastructure builder Project Better Place was valued at around $2 billion.

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Better Place Replaces CEO Shai Agassi

Tell me if you saw this one coming; after getting off to a slower-than-expected start, shareholders in Project Better Place have outed Shai Agassi as CEO of the electric car infrastructure company. While Agassi remains a major shareholder, his replacement does not bode well for the company’s future prospects.

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