Story by the Associated Press; curated by Liz Klimas.
FOSTER CITY, Calif. (AP) — Never lacking daring ideas,
billionaire entrepreneur Elon Musk is determined to jolt the electricity
market.
The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect from power plants — and he can profit. On Thursday night, before an adoring crowd and a party-like atmosphere, Musk unveiled how he intends to do it.
Musk took the stage at Tesla’s design studio near Los Angeles
International Airport, an audience of drink-toting enthusiasts cheering
him on, in a scene fitting for an audacious dreamer renowned for
pursuing far-out projects. Colonizing Mars is one of Musk’s goals at
Space X, a rocket maker that he also runs.
Now, he is setting out on another ambitious mission. “Our goal here is to fundamentally change the way the world uses energy,” Musk told reporters gathered in Hawthorne, California.
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The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect from power plants — and he can profit. On Thursday night, before an adoring crowd and a party-like atmosphere, Musk unveiled how he intends to do it.
A
guests takes photographs of the Powerpack system after Elon Musk, CEO
of Tesla unveiled suit of batteries for homes, businesses, and utilities
at Tesla Design Studio April 30, 2015 in Hawthorne, California. Musk
unveiled the home battery named Powerwall with a selling price of $3500
for 10kWh and $3000 for 7kWh and very large utility pack called
Powerpack. (Kevork Djansezian/Getty Images)
Now, he is setting out on another ambitious mission. “Our goal here is to fundamentally change the way the world uses energy,” Musk told reporters gathered in Hawthorne, California.
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