Technology

'Nutty' demand has Tesla rethinking battery market

Tesla Motors CEO Elon Musk speaks during the unveiling of the company's Powerwall batteries. (BLOOMBERG)
May 11, 2015 05:00 AM
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Batteries included
Tesla plans to sell a residential-scale storage battery called the Powerwall and a commercial-scale battery called the Powerpack. Here's what they entail. • Powerwall: Homeowners can pay $3,000 for a 7 kilowatt-hour battery or $3,500 for a 10 kilowatt-hour battery, plus installation. Deliveries begin late this summer. • Powerpack: Tesla will bundle larger batteries into installations of between 500 kilowatt-hours and more than 10 megawatt-hours. The cost: $250 per kilowatt-hour. Source: Tesla Motors

SAN FRANCISCO -- Tesla Motors Inc. is a car company, but perhaps not for long.

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