How Tesla Energy is About to Takeover! Tesla may be better known as the car company, but that’s just their latest innovation.
The real game-changer comes with the introduction of their Tesla Energy line, which aims to completely redefine energy usage in the United States. Elon Musk and his team at Tesla are about to start a revolution in how we consume energy on this planet, and we should all be excited about what’s to come.
An introduction to Elon Musk
Elon Musk can be difficult to define. He’s a South African born American, he’s an engineer, designer and entrepreneur that has his fingers in everything from space travel, electric cars and solar energy! That’s why when he announced his new Tesla Energy division, everyone was left stunned at how fast it all came together. In fact, many experts are questioning if Mr Musk really owns a company called Tesla or if Tesla is merely just a front name for one of his other companies (SpaceX). The question has been brought up by Charles Fleming on Fox Business news who also questioned why Mr Musk refuses to answer any questions about where he gets all of his money from?
The thing that everyone wants to know is why? Why would Mr Musk who has more than enough money coming in from his other ventures and who had already started acquiring solar companies at a lightning pace, decide to start a new company called Tesla with no prior experience in manufacturing solar panels or batteries? If you aren’t familiar with Mr Musk then here’s a quick synopsis of his past experience. He was born in South Africa but moved to Canada at age 17 because he didn’t like Apartheid. He eventually went on to study engineering at Queen’s University in Ontario where he graduated with honours before moving back down south and starting Zip2-an online city guide-which was sold for $307 million.
The Economics of Electric Cars
Why did they get it so wrong? It all boils down to simple economic theory. In any given market, there are different price points at which people will buy a product. For example, if an iPad costs $500, people who are willing and able to spend that much money on an iPad will buy one. However, once Apple drops the price of an iPad by $50 or $100, then consumers with a slightly lower willingness or ability to pay will likely buy one of those devices instead.
It turns out that consumers’ willingness and ability to spend on an electric car (or any other product, for that matter) follow an interesting curve. It’s not a bell curve, where there are equal percentages of people willing and able to buy at all price points. Rather, it follows a power-law distribution: A small number of people are willing and able to spend a lot of money on electric cars. A greater number of people are willing and able to spend between $10,000 – and $40,000 on them. And many more people are willing and able to spend up to about $20,000 on them.
Key Elements for Successful Electric Car Adoption
In order for electric cars to truly take over our roads, key elements need to be put in place. The technology has been around for decades and we’ve seen its potential; now it’s up to policymakers and city leaders. Here are some reasons why Tesla Energy’s Powerwall is sure to shake things up. As you can see, it’s an exciting time, full of promise. It’s no wonder that Elon Musk’s Tesla has made a huge bet on home energy storage; we may not even realize how important these batteries will become until years from now when we look back on 2014 as a watershed moment in history.
If you’re looking to go electric, it’s a great time. Technology has been around for decades and governments are slowly changing laws to make them more enticing. For example, many cities have passed legislation requiring new residential construction to allow for the installation of charging units in garages. This means that going forward, every newly constructed home will have access to clean energy from an outlet as easy as your conventional electrical outlets! Another key element for adoption? Regulations are being changed so that electric cars can run on cleaner electricity when available – making them even greener than before! Finally, we now have access to affordable power storage options such as home batteries like those from Elon Musk’s Tesla Powerwall – which will help take away one of our biggest worries about electric cars: range anxiety.
Demand Exceeded Supply…For Now
In a recent conference call, Elon Musk revealed that demand for Powerwall and Powerpack has already exceeded supply. That being said, Model 3 customers will likely receive an early look at some of these products, thanks to Tesla’s First of its Kind Customer Incentives program.
Musk remarked: We’re trying to figure out what we can do with non-Model 3 customers who are willing to pay more than they ordinarily would have…who are interested in buying solar products or batteries. Although there’s no exact timeline on when exactly those incentives will kick in, it’s been reported that solar panels (and additional storage) will likely be available by mid-2016. As for lithium-ion batteries like Powerwall and Powerpack?
While that sounds like great news for customers, it’s not necessarily great news for existing companies in lithium-ion batteries and solar panels. Musk revealed that his goal with Powerwall and Powerpack was always to incentivize others in those spaces: When we first set out to create Tesla Energy, our goal was simple – we wanted to fundamentally change how energy is delivered across our planet. We are about four years into that mission and it’s time for phase two.
Expect Huge Growth in the Next Few Years
When you ask people if they’ve heard of Elon Musk and his companies, most likely you’ll get a yes. Even if you haven’t heard of him and don’t know much about electric cars, chances are pretty good that you may have heard something about his company, SpaceX. Recently Tesla has been gaining momentum in its new business venture, Tesla Energy. The company recently released a new storage product called Powerwall which comes in different sizes that are customizable to fit your needs. You can also store energy for later use as backup power for when utility rates spike or during power outages/storms or even use it as a backup for your solar panels during nighttime.
Like any other new business, it’s hard to predict how successful it will be. But one thing you can expect with Tesla Energy, especially with Elon Musk being at the helm, is that they are going to put their best foot forward and make sure they come out on top in their endeavours. At its core, what makes Powerwall and Tesla Energy so exciting isn’t just how affordable it may be but also that it means living without an electric company may become a reality soon. If you’re interested in making these changes as well or are looking for solar panels, check out your energy options through companies like Geostellar and see if switching over would be a good idea for you.
This Isn’t Just a Company, It’s a Movement
I used to think of Tesla as just a car manufacturer, but ever since its announcement that it was taking on home and business battery storage solutions with its new line of products called ‘Tesla Energy,’ I’ve realized that Elon Musk’s company really is so much more than that. It’s an idea—of sustainable energy generation, production, and consumption. And, truth be told, it’s an idea whose time has come! A world where every individual has access to abundant clean energy may still be far off in our future…but if anyone can make it happen, it’s Elon Musk and his team at Tesla.
Musk has always aimed high with his ventures, but with something as big as taking on power utilities and gas companies alike, you can’t help but wonder if he’s bitten off more than he can chew. Will it really be possible for Tesla to change how we generate and use energy? We don’t know what will happen in our lifetimes…but I’d like to think so! Because if there’s one thing I’ve learned from following Musk’s work over these last few years, it’s that nothing is impossible when you believe in yourself—and your company—enough.
The Future is Bright, Part 1
The secret of electric vehicle (EV) manufacturer Tesla Motors [NASDAQ: TSLA] is that it’s really a battery company. The power storage in its EVs doubles as an energy storage product in homes and businesses. In other words, buying a Tesla might be more about future-proofing your energy supply than being green. That doesn’t mean that you shouldn’t consider purchasing one—they look great, drive well, and are built with cutting-edge technology—but you should know what they’re really all about before spending $70,000 on a high-end version like Elon Musk’s Model S P85D or $120,000 on his top-of-the-line P90D model with Ludicrous mode.
For example, you can use your car’s battery pack to power your home or business during an outage. It might not be able to power all of your appliances, but it can act as a handy backup during emergencies when you need it most. The same is true with Tesla’s newest product: its new stationary battery packs designed for businesses and homes. Like its vehicle battery packs, they’re capable of storing up to 10 kilowatt-hours of energy—enough power for a small apartment or two days’ worth of electricity use in a large home.
If you’re worried about power outages, they can be a good backup solution in an emergency—and are even more cost-effective if you think of them as investments. If you have solar panels on your roof and a Tesla battery pack in your garage, then a power outage won’t leave you without electricity during peak hours. It’s also a great way to make sure that your home has power during Superstorm Sandy-like weather events when flooding can leave communities without power for days or weeks. The same idea applies to businesses: although commercial-scale battery packs aren’t widely available yet, it’s only a matter of time before that changes—especially now that energy storage has been deregulated at both federal and state levels.
Conclusions on Tesla Energy (And What it Means For You!)
The future of energy as we know it is going to change completely. With Elon Musk’s Tesla, it will be replaced by renewable energies and greenhouses. The government will help support these changes in countries all over the world. Big companies and small startups alike are trying to get a piece of that big renewable pie. You’ve got a lot of choices, but you’re going to have many more in only a few years from now. So stay tuned for developments on clean energy!
In closing, it’s only a matter of time before renewable energy takes over fossil fuels. While fossil fuels are going to be around for a little while longer, more and more people are turning their backs on them every day. In fact, many big companies have already made investments in renewable energy technology as they know that change is inevitable. With Elon Musk’s Tesla building solar farms all over the country, we may only be 10 or 20 years away from a complete change in how our world uses power! I’m excited about what lies ahead! Are you?
Businesses, non-profits and governmental institutions are always in need of workers who can understand and present complex data with clarity. Business intelligence specialists bridge that gap between complicated data sets and their presentation. Here’s what you need to know about business intelligence if you’re hoping to break into (or move up) your company.
You May Love: How Neuralink Will Change Humanity Forever
