Musk and Tesla to focus on solar and storage
- Jan 29, 2021 4:39 pm GMT
If Elon Musk’s plan comes to fruition, the grid as we know it could look radically different. Speaking to investors yesterday on the company’s 4th quarter earnings call, the CEO explained that Telsa will focus more on it’s solar business this year and moving forward. Along with further cost cutting, Musk wants to develop better connectivity between the Tesla Powerwall and the company’s Retrofit Solar and Tesla Roof.
I wouldn’t scoff at the South African’s lofty expectations. Again and again, he’s proven his doubters wrong. Remember when people laughed at the online installation system Tesla rolled out last year? Well it’s driven installations, and, despite rock bottom, race to the bottom prices, it’s been extremely extremely profitable.
As it stands now, I think the Tesla has installed only slightly more than a hundred thousand powerwalls. Most residential solar commentators already recommend the home batteries. Assuming the systems are improved and more people adopt solar panels, it’s not hard to imagine a future in which a sizable portion of households boast powerwalls, allowing them to hum by at night off the grid.
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