Tesla Motors Inc. (NASDAQ:TSLA) is working on another venture which involves electricity but not cars. Tesla Motors Inc. (NASDAQ:TSLA) is working upon electric batteries that will be used by homeowners or commercial buildings for saving energy through solar panels. This energy can be conserved for a rainy day and can also be sold back to the grid which will reduce the electricity bills. Now that is something very innovative. Tesla Motors Inc. (NASDAQ:TSLA) has put the car business on hold for a while, just for this project because this project can actually get Tesla Motors Inc. (NASDAQ:TSLA) some business on mainstream level, as compared to its cars.
Tesla Motors Inc. (NASDAQ:TSLA) has been working upon making its name as the car manufacturer, albeit cars run by electricity. It’s a futuristic approach and pretty convenient one considering the fact that electricity is cheaper than motor oil but Tesla Motors Inc. (NASDAQ:TSLA) has been finding it hard to find a large market for the cars. Investors have also been reluctant in investing in the company because they didn’t see a vivid future of these cars, and the company. But Tesla Motors Inc. (NASDAQ:TSLA) is adamant on proving that electricity is the single most important commodity in the world and that it can replace oil if we want it to.
The company is working upon lithium-ion batteries that will conserve the energy through solar panels for houses and the homeowners can then use the energy to their advantage. As mentioned they can use it for a rainy day or sell it back so that the monthly bill remains as feather weight as possible. Tesla Motors Inc. (NASDAQ:TSLA) isn’t the only company that has worked on this venture. Many companies including SolarCity Corp. (NASDAQ:SCTY) worked on a project similar to this. But, Tesla Motors Inc. (NASDAQ:TSLA) is the first car company to work on such a project, which makes it more interesting.
The project will certainly be noticed by investors all around and they’ll want to invest in it because homeowners will definitely get attracted by these batteries and will buy it for sure. The reason we mentioned that this project will earn mainstream status is because it is targeted towards homes and commercial buildings. So Tesla Motors Inc. (NASDAQ:TSLA) will definitely find market for this project, if it can expose it in a proper way.
Anyhow, there is still time left for the company to work upon the project because it will take almost a year or so for the batteries to come into full fruition. As far as the price of these batteries is concerned, Tesla Motors Inc. (NASDAQ:TSLA) will be giving them off on discount initially. Discount will be around 30 percent initially. The company is really adamant on making electricity as the number one source of energy, in every domain. And if the automobile industry isn’t ready to embrace electricity yet, Tesla Motors Inc. (NASDAQ:TSLA) will try its hand somewhere else.
