Elon Musk Expected To Reveal Tesla's 'Missing Piece' Thursday
(CBS SF) -- All techy eyes are on Tesla Thursday as CEO Elon Musk prepares to unveil a new product at the company's facility in Hawthorne, California.
Elon Musk last tweeted Wednesday about what many have speculated will be a home battery.
"For the future to be good, we need electric transport, solar power and (of course)..." he tweeted, followed by a photo of a mysterious white box with "The missing piece" written above.
For the future to be good, we need electric transport, solar power and (of course) ... pic.twitter.com/8mwVWukQDL
— Elon Musk (@elonmusk) April 29, 2015
Bloomberg got a hold of an email last week from Tesla's investor-relations chief saying the company will explain the benefits of Tesla's solutions compared to battery options in the past. The report sent TSLA shares up more than 5%.
There has been speculation that Tesla will look to challenge the traditional utility power grid with home and utility batteries, and a research note from Deutsche Bank says Tesla could be at the forefront of an energy storage market that could triple to six billion dollars in sales by 2020.