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Tesla to launch consumer home batteries ‘fairly soon’

Electric vehicle manufacturer Tesla has revealed that its home battery storage products will be available “fairly soon”.

The company’s chief technical officer JB Straubel told analysts during an earnings call this week that production would likely begin in six months with a release to market a few months later.

“Yes, we’re going …to unveil some of the Tesla home battery, consumer battery [products] that will be for use in people’s houses or businesses, fairly soon,” Straubel said in response to a question from an analyst.

“We have to design [sic] and it should start going into production probably in about six months or so. We’ll probably got to wait [sic] to have sort of product availing it’s probably in the next month or two. It’s really great. I’m really excited about it,” added Straubel, adding that he didn’t want to go into “super minor detail” on the products.

He did acknowledge that the company was already talking to the power industry.

“Of course there’s a lot of interest and a lot of utilities are working in this space. And we are talking to almost all of them. It’s early stage of stuff and a lot of these projects are very far out – since the near procurement cycle for utilities is so long. But this is a business that certainly is gaining an increasing amount of our attention,” he said.

Call transcript via Seeking Alpha

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