TESLA Brings Battery into the Home | TSLA | Elon Musk

The Trade in Tesla Today:

A lot of talk about a possible short squeeze in Tesla. The chart certainly shows that can happen.

Just a few weeks ago TESLA broke support and my guess is quite a few bears took the bait. Now we are firmly above resistance and the bear are trapped.

The recent pause after the breakout is an opportunity to buy. The battery news is a great catalyst.

tesla

Is Elon Musk’s New Battery Just a Toy? (tesla)

Tesla Motors Inc.’s (NASDAQ: TSLA) electric cars have been described at toys that will never sell more than a few thousand units a month.

Certainly, that has been the case so far. Founder Elon Musk might argue that the problem is factory capacity. Skeptics argue that hybrids and high gas mileage engines offer enough fuel efficiency for almost all Americans. Now, Musk has released a battery that can help fuel home energy consumption. The product may be used by a small niche of Americans, because it has so little utility to power most homes and is so expensive.

Musk described the new battery in a press release at the Tesla website:

Powerwall is a home battery that charges using electricity generated from solar panels, or when utility rates are low, and powers your home in the evening. It also fortifies your home against power outages by providing a backup electricity supply.

Automated, compact and simple to install, Powerwall offers independence from the utility grid and the security of an emergency backup.

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

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. Continue reading…

 

 

About the Author

Leave a Reply 0 comments

Leave a Reply: