Tesla's Energy Storage Play

Elon hints at a "major new Tesla product line - not a car" on March 30th. Widely rumored to be a "home battery" for energy storage - for solar systems by SolarCity, it will make use of the Gigafactory being built in Nevada.

http://in.reuters.com/article/2015/04/29/tesla-motors-japan-idINL4N0XQ5TB20150429

The press release:
http://www.teslamotors.com/presskit/teslaenergy

The energy storage market is massive, and Elon knows it.
I think he is targeting 5% margins on these systems, and 20% margins on the auto business...for a blended profit margin of 10% for tesla long term (which he stated in an earnings call...saying he thinks tesla could be worth $700B in 10 years!)

Comments

  1. Dear Mr. Musk,
    We have one electric generator able to generate 13 kW with just 700 w. We have one prototype in the German TÚF checking it in order to reach the adecuate certification. I would like to present you our invention because can improve the range of your TESLAs car at least 7 times. Also we have another inventions that can be very interesting for you.
    If you are interesting, pls send to me an email. Thanks for your time.

    ReplyDelete
  2. sorry, my email desotogrande@yahoo.es

    ReplyDelete
  3. Good afternoon . my name is Alexei from Russia. I want to cooperate with you and will represent your company in Russia in your company. I will be happy to participate in the construction of infrastructure, as well as in the sale and maintenance of your cars. my mail is aleksxmel@yahoo.com

    ReplyDelete

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