Tesla is Working on a Battery For Your Home
Ryan Simmons / 5 years ago
Tesla is working on a battery to power people’s homes. The company’s CEO, Elon Musk, announced the development of such a product during the company’s earnings call on Wednesday. Musk said that the battery will enable people to live ‘off grid’, allowing people to power their own homes without using energy from utility companies.
Musk revealed the project during Tesla’s earnings call and said that the batteries will based on the same lithium-ion technology used in their car batteries. He also said that development of the batteries is finished and that they would start producing them for sale in 6 months.
Despite this news being a relatively small tidbit of Tesla’s earnings call, it’s actually quite significant. If Tesla’s success with its cars is anything to go by, a product like this could significantly shape the future of home energy, allowing people break away from utility companies.
Of course, we’ll have to see whether it really works first, but it certainly is an exciting prospect.