Tesla will unveil a new product later this month said its founder – increasing rumours the EV company is moving into the lithium-ion home energy storage market.
Entrepreneur Elon Musk sparked speculation when he tweeted to his 1.87million followers that the new product due to be launched on April 30th would not be a car.
The tweet read: ‘Major new Tesla product line — not a car — will be unveiled at our Hawthorne Design Studio on Thurs 8pm, April 30’.
In February Musk let slip during an earnings call that Tesla was considering launching a home battery based on a design used in the Tesla vehicles.
Bloomberg quoted Musk as saying to analysts during the call that: “We [Tesla] are going to unveil the Tesla home battery, the consumer battery that would be for use in people’s houses or businesses fairly soon.”