Markets

Electric-car maker Tesla plans to sell solar roof tiles too

Electric-car maker Tesla plans to sell solar roof tiles too

According to USA Today, Musk told reporters that it would be "very unwieldy if we're not a combined company".

"Powerpack 2 provides twice the energy density and a more seamless integration into multiple levels of the grid", the company said in a statement.

The Powerwall 2 can store 14 kWh of energy, with a 5 kW continuous power draw, and 7 kW peak.

Bringing the solar tiles to the Desperate Housewives set was a way of displaying the idea's key selling point: it looks far better than solar panelling. In his ideal world, you will power your house and charge your big battery with his pretty tiles, then you'll plug your electric auto into the big battery when you get home.

During the presentation Musk said that local power generation does not pretend to eliminate the need for utility power generation. Tesla has already started taking orders for its solar roof tiles but Musk has said that installation of these roofs is not expected to begin before Summer 2017.

If Tesla acquires SolarCity, it would leverage the auto maker's current investment in the Gigafactory and the Powerwall and Powerpack to be launched in the upcoming years.

He predicted that solar rooftops will be a sought-after product and gain traction in the marketplace, perhaps even outpacing sales of his electric cars. They were like a golf cart, ' but Tesla automobiles are now highly desired by movers and shakers including Hollywood stars and Silicon Valley entrepreneurs. "So you need about a third for transport, about a third for heating and about a third for what we now use as electricity". "Why would you buy anything else?"

Ontario's relaxed rules for wine sales at grocery stores take effect
Under previous rules, the sale of wine at Ontario grocery stores was limited to kiosks set apart from other shelving. Previously, it was only sold at LCBO or Wine Rack stores, farmers' markets or vineyards.


Tesla has joined hands with solar panel maker SolarCity and aims to capture five per cent of the market, Musk said at the conference.

The glass tiles, which come in four styles (for example, Tuscan Glass Tile), contain photovoltaic cells that Tesla says are invisible from the street.

Obviously not everyone can put a new roof on their house, but Musk says there's around 4-5 million new roofs installed every year in the USA and around 20x that around the globe.

Tesla finally announced its long-awaited solar roof at an event yesterday evening, along with the successor to the companies Powerwall home battery, the Powerwall 2.

Battery-based energy storage has the potential to revolutionize electricity for the world's poorest citizens the way mobile technology disrupted the telecommunications industry. Tesla's first Powerwall has not proved to be a best seller, racking up a few thousand sales per quarter.

Tesla, which went public in 2010, had not made a net quarterly profit since the first quarter of 2013.


  • Scott D. Pierce: It's time to give up on 'The Walking Dead'

    Scott D. Pierce: It's time to give up on 'The Walking Dead'

    As far as I'm concerned, I'm dedicated to watching a show because I want to see where the story goes next. Negan (Jeffrey Dean Morgan) may just be one the most hated television characters ever at this point.
    OP to provide RealPay gateway to Zelle Network

    OP to provide RealPay gateway to Zelle Network

    Nineteen financial institutions have joined the Zelle Network, including eight of the largest retail banks in the U.S. Zelle will launch in early 2017 and will be directly embedded within mobile banking channels of its network banks.

    Iraqi forces launch new advance northeast of Mosul

    However, progress has been hampered by a toxic cloud from by a fire started by IS fighters at a sulphur plant south of Mosul. As Kurdish Peshmerga forces moved though the area, armored vehicles moved along a road and a helicopter flew overhead.
  • Families plead for answers in Australian theme park deaths

    Families plead for answers in Australian theme park deaths

    We want to know why our loved ones were taken from us in such horrific circumstances. The theme park management say the ride was inspected as recently as last month.

    AT&T will buy Time Warner for $80 billion

    The deal that would create "a media behemoth that offers TV, wireless and the programming that goes with it", said Bloomberg . The New York media company owns HBO , CNN , Cartoon Network , TBS and Hollywood's largest film and TV studio, Warner Bros .

    Ambulance service treats 26 people after London City Airport evacuated

    The airport, a few miles east of the Canary Wharf financial district, mostly serves short-haul, European destinations. After a three-hour investigation by police and firefighters in protective clothing, the terminal was declared safe.
  • Vincent Kompany's mental state ruled him out of Barça game, says Guardiola

    Vincent Kompany's mental state ruled him out of Barça game, says Guardiola

    I think about that but the solution is not better than what I believe.But if you believe I am going to win 4-0 at the Camp Nou. Normally he would be on the bench. "What I have seen from when he's fit is that he's a real centre defender.
    Lewis Hamilton Powers to Pole at United States Grand Prix

    Lewis Hamilton Powers to Pole at United States Grand Prix

    Rosberg had to work harder for his runner-up spot as he was overtaken by Red Bull Racing's Daniel Ricciardo at the start. Red Bull's Dutch teenager Max Verstappen had a wild race that ended with a gear box problem on lap 32.
    Bears' anemic offense takes another hit at quarterback

    Bears' anemic offense takes another hit at quarterback

    Backup quarterback Brian Hoyer broke his left arm in the second quarter of the game after struggling up to that point. Barkley is just learning the offense after getting called up from the practice squad after Cutler got hurt.
  • United States election: Trump will accept result 'if I win'

    In numerous close elections and recounts, I have observed the inner workings of our election system from a front row seat. Both were asked if they would consider tax increases or benefit cuts to support Social Security and Medicare programs.
    Bob Dylan's Website Now Reflects Nobel Prize Win

    Bob Dylan's Website Now Reflects Nobel Prize Win

    Only two people have declined a Nobel Prize in literature. "She said: "[He is] a great poet in the English speaking tradition. Alameddine later clarified that he respects Dylan as a songwriter, but he'd have awarded the prize to poets more deserving.
    American Girl's WellieWisher dolls help Mattel come back from Disney Princess loss

    American Girl's WellieWisher dolls help Mattel come back from Disney Princess loss

    The Stock now has Analyst' mean Recommendation of 2 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Employees Retirement System of Texas boosted its position in shares of Mattel by 6.7% in the second quarter.