Elon Musk is about to announce a new product that's not a car. He said so in a mysterious Tweet designed to induce the highest level of nail-biting suspense. But the Elon Musk of two months ago may have told us exactly what we should expect.
“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,” Musk said during an earnings conference call in February. He said the product unveiling would occur within the next month or two.
Combining solar panels with big backup could allow homeowners to avoid buying electricity from utilities. Tesla is building the world's biggest battery factory in Nevada -- a $5 billion project that Musk says will reduce the price of battery storage by 30 percent. If the prices come down enough, it could both enhance and disrupt the U.S. power grid.
If indeed Tesla launches a battery, it will be a big deal. It just shouldn't be that much of a surprise.
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