Tesla CEO Teases New Product Beyond Cars

Tesla CEO Teases New Product Beyond Cars
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Elon Musk

business insider

Tesla Motors CEO Elon Musk set the Twitters-phere and the Nasdaq into a frenzy when he tweeted that Tesla would be introducing a new product that is not an automobile.

Monday March 30th 2015 Tesla Shares rose 4% following the CEO’s Friday evening tweet, the equivalent of $1.3 Billion to the electric auto makers company’s market cap. Tesla’s stock is close to a 52 week low but still remain close to $200 USD/share with a $23.9 Billion USD market cap according to Marketwatch

Many in the business world speculate it will be a new battery. Tesla finalized negotiations with the State of Nevada to build the worlds most sophisticated battery factory at an estimated $5 Billion cost. Elon Musk is quoted as saying “”We’re going to unveil the Tesla home battery or the sort of consumer battery that will be for use in people’s houses or businesses fairly soon”…

No matter what the product, Musk has succeeded in building suspense and getting our attention as we await the April 30th announcement.