It isn’t just design that makes Tesla so successful, it’s the unrivaled batteries that power its electric vehicles. Following a disappointing fourth quarter, CEO Elon Musk teased a new product from Tesla that is far less niche than an electric vehicle: a home battery pack. The battery has already been designed and will be entering production in the coming months.
Tesla didn’t ship nearly as many cars this quarter as it had projected, but CEO Elon Musk remained upbeat during today’s earnings call as he he let some details slip about a brand new product. According to Musk, the company is working on a consumer battery pack for the home. Design of the battery is apparently complete, and production could begin in six months. Tesla is still deciding on a date for unveiling the new unit, but Musk said he was pleased with the result, calling the pack “really great” and voicing his excitement for the project.