tesla hunts for new revenue in home storage batteries - home battery storage
Grooms Nicola and Paul linetz, Los Angeles (Reuters)-
A month later, shares of Tesla Motors fell on Thursday.
Before chief executive Elon Musk announced the money, the company's share price soared for a long time.
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 given a wide range of hints over the subject of the announcement in the past month, scheduled for eight pence. m.
Thursday Pacific time at the Tesla plant near Los Angeles.
Tesla's share price has risen about 20% since March 30, when Musk announced on Twitter that the company will launch "Tesla's main new product series --not a car.
"Tesla's share price fell by about 1.
On Thursday, the news came 7% hours before the market generally fell.
The enthusiasm of investors for Tesla's possible entry into the fixed power storage business is driven by forecasts, that is, selling Tesla batteries for families and businesses as a backup power system may be important for building a sustainable future for families and businesses.
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 build fixed storage systems around the basic batteries it produces for its vehicles at a large plant in Nevada.
A fixed storage system may be part of a fossil.
A fuel-free lifestyle in which a person has solar panels on his roof, power generation can power household appliances and give batteries in a Tesla Model S sedan parked in a 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 of incentive programs.
According to the state, Tesla has or is prepared 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, rising from the ashes of a failed electric vehicle manufacturer, is now owned by startups backed by companies like forts investment and total, and General Electric and Siemens are chasing a share of the fixed storage market. (
Editor Joseph White and Andrew Hay)