Interesting News – February 20, 2015

Tesla Motors To Produce a Home Battery

More interesting developments. According to Bloomberg Business, Elon Musk says that, “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.” Tesla already offers residential energy-storage units to select customers through SolarCity Corp, the solar-power company that lists Musk as it’s chairman and biggest shareholder. Musk said, “We have the design done and it should start going into production in about six months or so.” Tesla Motors has made significant advances in lithium-ion battery technology for it’s cars and is parlaying that into home battery systems that can couple with solar cells to better enable your house to go “off the grid”.

Just another chapter in Elon Musk’s quest to make big changes in our world. You may know him as co-founder of PayPal. He parlayed the proceeds of that sale into ventures like Tesla Motors, SpaceX Corp, and SolarCity Corp, among others and has gigantic ideas to make a difference in our lifestyle.

Don Hammer
Realty Executives Fine Properties