Tesla’s Powerwall home battery is already sold out through 2016

May 9, 2015 by  
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Only a week has gone by since Elon Musk announced Tesla’s new, much-hyped Powerwall home battery on April 30, and the company is reporting that they’ve already sold out of their batteries through mid-2016, booking 800 million in revenue, according to Bloomberg . On an investor earnings call on May 6th, Musk reported that the demand is so high for their batteries that in the past 7 days alone they’ve taken already reservations for 38,000 home batteries and 2500 of the larger commercial scale batteries intended for industry. Musk says that this means that Tesla will have to expand the current Gigafactory that is under construction or build another one, as the originally-planned 5-million-square-foot battery factory they’re working on will not be big enough. According to Musk, the production of batteries alone will easily consume the entire capacity of the $5 billion, 50 GWh Gigafactory in Nevada, which is slated to open next year. Read the rest of Tesla’s Powerwall home battery is already sold out through 2016 Permalink | Add to del.icio.us | digg Post tags: elon musk , Gigafactory , power wall , powerwall , reserving the Powerwall , solar city , tesla , tesla battery , tesla factory , Tesla Gigafactory , tesla home battery , Tesla nevada factory , tesla powerwall , tesla powerwall home battery

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Tesla’s Powerwall home battery is already sold out through 2016

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