Elon Musk Needs Tesla Batteries to Energy Houses

Elon Musk already bounce-began the electrical automotive market with the battery that he developed for Tesla. Now he needs to energy individuals’s houses. Throughout an earnings name on Wednesday, the Tesla CEO stated that the corporate is planning to construct batteries that would hold a home powered throughout a blackout or assist handle solar energy. Musk stated the "Tesla house battery" would look one thing just like the Mannequin S pack, with a "lovely cowl" meant to be mounted on the wall. Manufacturing might begin as early as six months from now, based on Tesla chief technical officer JB Straubel. Tesla just lately picked Nevada as the location for its $5 billion "gigafactory," which the corporate hopes will construct 500,000 lithium-ion battery packs a yr when completed in 2020. The elevated battery manufacturing is predicted to chop the price of constructing electrical automobiles, permitting Tesla to construct a sedan priced round $35,000, in addition to promote batteries to different automotive corporations trying to enter the electrical car market.

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— Keith Wagstaff
First revealed February 12 2015, eight:36 AM