Tesla Motors may be close to eliminating the electric bill, at least for some consumers.
Company CEO Elon Musk is expected on Thursday to unveil batteries capable of powering a home or a business, giving consumers with solar panels a chance to generate and store their own energy, and to potentially cut the cord with traditional power providers.
Musk – also chairman of clean energy company SolarCity – revealed his plans in a recent earnings call, letting slip that his company will “unveil the Tesla home battery … that will be for use in people’s houses or businesses, fairly soon.”
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The battery is expected to employ the lithium-ion technology used in Tesla's Model S vehicles and be able to store energy for buildings to use during an emergency power outage. But it would still need to draw energy from an outside source – making owners of solar panels a target audience.
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