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Tesla Energy which came out few weeks ago and now there is demand of 38,000 Powerwall units ordered since product was announced . Due which the CEO of Tesla Mr.Elon Musk said that it could be a bigger deal for tesla then the electric cars

The new company took 38000 orders of its new product called “PowerWall” , which is just few weeks old. This comes in two versions of the “Powerwall” – a 7kWh and a larger 10kWh unit – cost $3,000 (£1,975) and $3,500 (£2,300) respectively.

Out of 38000 , Around 2800 are business orders for the commercial version of its battery pack called ” The PowerPack”. Which defiantly surprised Elon musk.

Elon musk during the conference of said that the demand for the energy storage systems had been overwhelming:

“The total addressable market size for Tesla Energy products is enormous and much easier to scale globally than vehicle sales.”

Tesla could face more competition in the future as established car makers launch new electric vehicles with longer driving ranges.

Apple is also rumoured to be working on an electric car. Asked about that prospect, Musk said:

“I certainly hope Apple gets into the car business. That would be great.”

A blog by : Jay Patel (@imJaypatell)

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Tesla’s Powerwall – battery system that can power homes