New product coming for Tesla

And then another South African born chap who continues to make huge progress in his adopted country, Elon Musk, caused excitement last evening with another simple tweet.



So what could it be? What could Tesla be releasing that is not a car? Some people are suggesting a home battery. A few months ago Elon Musk was quoted as saying that was something that they were working on, if they crack that, making a cheap and elegant battery. In fact, here is the exact quote (funny that one word is indiscernible), from SeekingAlpha, who have the Tesla Motors' (TSLA) CEO Elon Musk on Q4 2014 Results - Earnings Call Transcript. Musk was adding on to a piece about storage capacity:

Yes, but we're going to do -- we're going to unveil the Tesla home battery [indiscernible] consumer battery that will be for use in people's houses or businesses, fairly soon. We have the design done and it should start going into production probably about six months or so. We probably got a date to have sort of product unveiling, it's probably in the next month or two. It's really great. I'm really excited about it.

I guess then it has to be that. And ironically if they are available here, they could actually be better technology than the one that exists right now. In other words, the electricity problems that we are currently experiencing might ironically be solved by a chap that actually used to live around these parts, and was educated at Pretoria Boys High. Nice.