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Tesla Motor's New Battery Factory Could Send SolarCity Soaring

Tesla Motors (NASDAQ: TSLA  ) made huge waves in the market recently as it announced it plans to build the world's largest lithium-ion battery factory. While this multibillion-dollar investment will definitely have a profound impact on the Tesla's manufacturing capacity, it will also hopefully help bring down the costs of lithium-ion batteries. That reduction in costs will also have a major impact on not just Tesla, but SolarCity (NASDAQ: SCTY  ) , which will certainly benefit, too. 

With the distributed solar space becoming a little more crowded with utility giants like Exelon (NYSE: EXC  ) and NRG Energy (NYSE: NRG  ) providing options of their own, SolarCity needs a way to differentiate itself from the rest. Find out how the move by Tesla could actually be that needed spark by tuning into the video below.

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  • Report this Comment On March 02, 2014, at 7:58 PM, wiserinvestor wrote:

    This won't do anything for the residential market. Even at a 60% reduction, a residential grid tie battery backup system using Li-ion technology will still be far too expensive to make it pencil out. Industrial/commercial applications with their demand charges yes, residential, not for at least 8 to 10 years. And SolarCity will still need to get past the regulatory hurdles. So Cal Edison as well as other utilities are currently not allowing grid tie battery backup systems to connected to their grid.

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Tyler Crowe

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9/2/2015 4:00 PM
EXC $29.96 Down +0.00 +0.00%
Exelon CAPS Rating: ***
NRG $18.68 Down -0.56 -2.91%
NRG Energy, Inc. CAPS Rating: ***
SCTY $49.42 Up +3.26 +7.06%
SolarCity CAPS Rating: ****
TSLA $247.69 Up +9.06 +3.80%
Tesla Motors CAPS Rating: **