Why Tesla’s battery for your home should terrify utilities
See the original posting on The Verge
Earlier this week, during a disappointing Tesla earnings call, Elon Musk mentioned in passing that hed be producing a stationary battery for powering the home in the next few months. It sounded like a throwaway side project from someone whos never seen a side project he doesnt like. But its a very smart move, and one thats more central to Musks ambitions than it might seem.
To understand why, it helps to look not at Tesla, but at SolarCity, a company chaired by Musk and run by his cousin Lyndon Rive. SolarCity installs panels on peoples roofs, leases them for less than theyd be paying in energy bills, and sells surplus energy back to the local utility. Its proven a tremendously successful model. Founded in 2006, the company now…