Tesla Motors Launches Home And Utility Batteries On April 30

Posted: Apr 22 2015, 1:36pm CDT | by , Updated: Apr 22 2015, 1:41pm CDT , in Latest Business News

Tesla Motors Launches Home and Utility Batteries on April 30
Tesla / Computerworld

Tesla Motors already revealed the new product lines Elon Musk teased a couple weeks on Twitter.

Elon Musk took to Twitter end of March to announce a new product line Tesla Motors will unveil on April 30. It will not be a car he said. Back then it was already likely that the new products Tesla would offer are batteries for home use. Now it is official.

Jeffrey Evanson, Tesla's head of investor relations sent an email according to Bloomberg to investors and analysts announcing a Tesla Motors Home Battery and a large Tesla Motors Utility Battery.

The email said that Elon Musk will explain the advantages of the new Tesla batteries at the April 30th event in Telsa's Design Center in Hawthorne.

Tesla is planning a huge lithium-ion battery factory. The new product lines help Tesla potentially increasing the sales of batteries beyond cars.

According to ComputerWorld, Tesla is already piloting the home battery in over 300 homes in California. The Tesla Home battery has a capacity of 10 kilowatt hours, which is enough energy for about 8 hours of use in a normal US household on average. This could though be enough to save considerable energy in connection with a solar panel system.

Tesla's home batteries measure 2.5-feet wide and 3 feet tall and have a starting retail price of $13,000. With subsidies this cost can be reduce quite a bit.

The surprise factor is gone for the Tesla April 30 event. The Tesla Home Batteries do though not sound like a mass market solution and there is competition for it from other energy companies. Elon Musk needs to bring a good speech on April 30th to convince people why Tesla Home batteries are better.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.




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