Twitter cancels developer conference as platform prepares for changes under Musk
Batteries are one thing, but Tesla CEO, Elon Musk, has a plan to fix energy storage.
Musk says that he should be able to buy the batteries being manufactured on factory floors in China, and he’ll have a $1Bn battery factory in Nevada. Tesla has a 20 Gigafactory that is on track to build the batteries, but the company still has a long way to go, says Musk.
Tesla CEO, Elon Musk, says the company will have an “energy storage battery” factory by 2020, as it prepares to bring Tesla to the US.
“The reality is the time is absolutely right, and I now understand why everyone is talking about it. We are building that factory now,” he added.
The Tesla CEO said that Tesla would have the factory by 2020, and is waiting for the government to approve its application for a major project to build a battery at the Gigafactory.
“I think there’s a lot of ways for us to get there,” Musk said. He also said that he thinks it is “the perfect time.”
Musk said that his company is not “going to be the ‘Tesla of battery’, but we’re going to be the first commercial company to bring a grid connected full EV battery to scale.”
Musk says Tesla thinks that the ‘energy storage battery’ can be sold as a ‘smart grid’ product, so it will not be the cheapest power source but will be the cheapest to operate, and he said Tesla’s system would be “a heck of a lot cheaper than coal power.”
Tesla CEO, Elon Musk, claims that Tesla would be the first to bring a grid-connected Tesla “energy storage battery” to scale to customers that wanted to see a complete grid network with Tesla’s new battery product.
“We think this will be a heck of a lot cheaper than coal power,” he said. “The reality is, in my view, this is a product that’s going to get a lot of use right now. If you don’t believe me, go check out the grid operator in your home right now. They’re paying you $10 per kilow