Tesla Isn’t a Car Company. It’s a Battery Company

April 22, 2015 9:35 PM

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Tesla is admired for building the cars of the future. But it’s not really a car company. It’s a battery company that happens to make electric cars.

At least, that’s the trajectory suggested by the news that Tesla will soon sell mega-batteries for homes and electric utility companies. CEO Elon Musk mentioned the possibility during an earnings call last February, and plan was reportedly confirmed in an investor letter revealed yesterday. The offi...

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