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Tesla to unveil a new product next month

Mar 31, 2015
Tesla to unveil a new product next month

Yesterday, Tesla shares (Disclosure: Compass Global Trends owns shares in Tesla) rose 3.00% after the company’s CEO Elon Musk tweeted that a major new Tesla product line will be revealed on 30thof April.

Musk said in February that the company would soon introduce a home battery that would be ready to go into production in about six months.

Tesla has already partnered with Solar City, a solar energy company chaired by Musk, on battery storage systems for businesses that charge up during peak sunlight hours and use the energy in the evening, when demand spikes and rates rise.

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