Tesla Motors to Offer New Batteries for Home Energy Storage

Elon Musk, CEO of Tesla Motors, announced Wednesday that the company is working on a new kind of battery that would be used to power homes. Based on Tesla’s lithium-ion battery technology, the new battery is expected to help the company become a leader in the growing home energy-storage market.

Speaking during an earnings conference call on Wednesday, Musk said that the design of the battery is complete, and production would begin in about six months. Although the company did not provide any date for the product’s launch, Musk said that he was pleased with the result.

“We are going to unveil the Tesla home battery, the consumer battery that would be for use in people’s houses or businesses fairly soon,” Bloombergquoted Musk as saying.

Photo: ‘Elon Musk’ (CEO of Tesla Motors) by JD Lasica CC BY-NC 2.0

Become a supporter of independent media today!

We can’t do it without you. When you support independent reporting, every donation makes a big difference. We’re honoured to accept all contributions, and we use them wisely. Our supporters fund untold stories, new writers, wider distribution of information, and bonus copies to colleges and libraries. Donate $50 or more, and we will publicly thank you in our magazine. Regardless of the amount, we always thank you from the bottom of our hearts.

One-time Donation
Monthly Donation

Thanks but please hide this request for a month.

All monthly donations include an optional print or digital subscription.