This is a guy who took Wall Street by storm. His car company, Tesla (TSLA), has been a market darling. In October of 2012, you could have bought a share of Tesla stock for about $28. That share will cost you over $200 today.
Tesla has a market cap of nearly $28 billion despite never having had a year with positive earnings. EPS for the trailing 12 months is ($2.36). For comparison purposes, Tesla’s market cap is only a little less than half that of General Motors, which had net income of $2.8 billion last year.
Such is the genius of Elon Musk that he’s convinced investors he has a product whose sales will grow, essentially, to the moon.
Thus when we came across a story headlined Why Tesla’s Battery for Your Home Should Terrify Utilities, we had to take a look.
Seems that during a mostly disappointing Tesla earnings call last week, Musk casually dropped the news that his company is working on a full-house battery that could help you break up with your expensive utility company and propel you into off-grid self-sufficiency. You can listen to the call if you’re curious.
Source Article from https://www.freedomsphoenix.com/News/173851-2015-04-05-forget-cars-tesla-wants-to-power-your-house.htm?EdNo=001&From=RSS
Forget Cars: Tesla Wants to Power Your House
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