tesla motors working on battery-powered home - residential energy storage systems

Not satisfied with the production of batteries
Tesla's car turned its attention to storing electricity in its homes.
The most famous is
Tesla is using its electric Model S sedan --
In order to seize the emerging energy, ion batteries
The storage market is a complement and threat to traditional power grids.
"We will soon launch Tesla's home battery, which will be used for people's homes or businesses, Chief Executive Elon Musk said on a earnings call with analysts on Wednesday.
Combining solar panels with large, efficient batteries allows some homeowners to avoid buying power from utilities.
Morgan Stanley said last year that Tesla's energy
Storage products can be "disruptive" in the US ". S.
In Europe, as customers seek to avoid utility costs by "closing"grid.
Musk said the product will be released in the next month or two.
"We have finished the design and it should start to go into production in about six months," Musk said . ".
"It's really great.
California sees energy storage as a key tool to better manage the grid, integrate more and more solar and wind energy, and reduce greenhouse gas emissions.
Utilities like PG & E.
About 1 purchase is needed now.
By 2020, the energy reserves reached 3 gigawatts, enough to supply about 1 million housing units.
Tesla has provided residential energy.
Select the customer's storage unit through SolarCity Corp. , the solar-
The power company that listed Musk as its chairman and largest shareholder.
Tesla's factory in Fremont, California, is also building larger fixed storage systems for businesses and utility customers.
Palo Alto, California-
Tejon Ranch Supercharger station, based near Interstate 5, Southern California, has installed a storage unit and installed several other commercial facilities in the field.
But the bigger market could be utility customers.
"Many utilities are working in this area and we are talking to them almost all," chief technology officer JB Straubel said on Wednesday's earnings call . ".
"This is a business that is getting more and more attention from us.
"High hopes for the battery did not help Tesla's financial situation.
After missing the vehicle delivery target and reporting an unexpected quarterly loss, the company's shares fell in early trading.
Tesla shares fell 9.
It reported a fourth on Thursday.
The letter to investors posted on its website does not include a quarterly loss of 13 cents per share for certain items.
According to data compiled by Bloomberg, analysts estimate an average profit of 32 cents per share.
Tesla delivered a record 9,834 vehicles, nearly 1,000 fewer than analysts estimated on average, and its target was 1,345 fewer.
The company said although it was satisfied
The annual production target of 35,000 Model S cars, many of which were not completed until the end of this year, could not be delivered to customers in 2014 due to holidays and bad winter weather.
There were about 1,400 deliveries in the first quarter.
"Stocks fell because they missed delivery, revenue and earnings," said Theo O'Neill, an analyst at Ascendiant Capital Markets.
"But miss has nothing to do with demand.
It seems strange to accuse customers of taking time off in a press release.
Tesla shares fell 8.
Between $7: 28 and $195. m.
Trading in New York time and earlier was a minimum of $193. 12.
The stock rose 48 age points last year, down 4.
Three percentage points from this year to Wednesday.
Tesla is the youngest and smallest listed company in the United States. S.
Automakers are seeking to increase production by building a battery plant near Reno, Nevada, to make electric cars for the masses.
The company faces some unfavorable factors both at home and abroad. In the U. S.
The lowest gasoline price in more than five years has made traditional cars more attractive to the United States. S. drivers.
At the same time, sales in China have slowed down because consumers think household fees are difficult.
"They are on the wrong path in China and it will take more time to solve the problem," O'Neill said . ".