Tesla and Elon Musk's 'major new product line'—is it a battery?

March 31, 2015 7:57 PM

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Tesla and Elon Musk's 'major new product line'—is it a battery?

GTM Research, a market analysis firm that focuses on solar power, estimates that the combined market of solar-plus-storage could grow to $1 billion in 2018, up from $42 million in 2014.

It's highly likely that Tesla intends to play a role in that market. Morgan Stanley published a report last July asserting that, "From our analysis of the economics of energy storage products, we conclude that Tesla will likely have the most economic energy storage solution by a significant margin."

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