Tesla CEO Elon Musk Unveils Line of Home and Industrial Battery Packs

Not behind a paywall article… Tesla launches Powerwall home battery with aim to revolutionize energy consumption

HAWTHORNE, Calif.—Tesla Motors Inc. Chief Executive Elon Musk unveiled a line of home and industrial battery packs late Thursday, representing a strategic shift as his money-losing electric car company tries to break into a crowded energy storage market.

More than just a splashy evening party in a giant hangar at Tesla’s Southern California design studios, the event was the 43-year-old billionaire’s attempt to bring attention to an alternative business unit that has long been under development.

Mr. Musk says “power wall” batteries—ranging from a $3,000 7 kilowatt-hour wall-mounted unit to a $3,500 10 kwh unit—cost far less than the going rate for large-scale batteries and can be easier to install. Tesla aims to begin delivering units by the summer from its car factory in California, and then shift production to a $5 billion “gigafactory” battery plant under construction near Reno, Nev.

  • moraywatson

    Terrific. Put us into energy poverty with useless windturbines and solar panels, and then give us batteries!

  • andycanuck

    If it’s subsidized with tax money more than the norm as for every other Green effort, screw him. If not, best of luck. (I’m not a subscriber to have read the whole thing.)

    • So far no.

      • FactsWillOut

        Sure it is.
        Tesla is rife with state funding from California.
        Ergo, each product put out is subsidized. Money is fungible.

  • dance…dancetotheradio

    Elon Musk dishonours the name of one of the greatest electrical engineers of all time.
    Nikola Tesla.

    • FactsWillOut

      I think he was the greatest electrical engineer of all time.
      A pretty poor businessman, though, as evidenced by how he got no credit for the light bulb, the radio, ac motors and generators, the whole grid system, etc.

      • dance…dancetotheradio

        I think he was, too.
        But, if I’d said that someone would have told me I was wrong.

  • DMB

    We will probably need them in Ontario with hydro rates constantly increasing thanks to Kathleen Wynne disastrous energy policies.