tesla hunts for new revenue in home storage batteries - home battery storage1
A month later, Tesla Motors fell Thursday.
The money was announced by chief executive Elon Musk --
Manufacturers of lost electric luxury cars will seek new revenuesTesla Motors Inc.
The money was announced by chief executive Elon Musk --
The loss of electric luxury car manufacturers will seek new revenue from the batteries in which homes and businesses store electricity.
Musk and other Tesla officials have issued a wide range of hints on the subject of the announcement over the past month. m.
On Thursday, at the Tesla plant near Los Angeles, Pacific timeThursday.
Tesla's share price has risen about 20% since March 30, when Musk said on Twitter that the company would launch a "major new Tesla product line --not a car.
"Tesla's share price fell by about 1.
On Thursday, the news came 7% hours before a sharp drop in the market.
Investor enthusiasm for Tesla's potential entry into the fixed power storage business is driven by a project that sells Tesla batteries as a backup power system for homes and businesses for a sustainable future for Tesla's car construction
This is favorable, analysts say.
Deutsche Bank estimates that sales of fixed-cell storage systems for home and commercial use could be as high as $4.
Tesla's revenue is 5 billion.
Analysts expect Tesla to produce the same basic battery storage system for its vehicles at a large plant built by the company in Nevada.
A fixed storage system may be part of a fossil.
Fuelfree lifestyle in which individuals have solar panels on theroof, generate electricity, power household appliances, and in the Tesla Model S sedan parked in the garage
Government subsidies and a sharp drop in the price of lithium-ion batteries have attracted more companies to enter the home storage business.
Tesla has received $1 so far.
Self-100 from California
A Generation Incentive Program.
According to the state, Tesla has or is ready to receive state funding for about 600 storage projects in California.
According to research firm ihs cera, although the valuation in 2012 was only $0. 2 billion, the energy storage industry is expected to grow to $19 billion by 2017.
Tesla and SolarCity will face competition for subsidized funds.
Coda Energy rises from the ashes of a failed electric vehicle manufacturer, now owned by Fortress Investments, and startups backed by Total, General Electric and Siemens are chasing a share of the fixed storage market