Tesla stock surges on storage speculation

Tesla stock surges on eve of domestic, commercial and utility-scale energy storage announcement. Experts warn of high valuation.

Tesla stock surges on eve of domestic, commercial and utility-scale energy storage announcement. Experts warn of high valuation.

UPDATE: Elon Musk has unveiled the price of Tesla’s ‘Powerwall’ consumer product will be USD$3,500, significantly below expectations.

By Jason Deign

Tesla Motors shares were changing hands for mind-boggling amounts ahead of a likely energy storage announcement as Energy Storage Report went to press this week.

The electric vehicle maker’s stock, which was given junk-bond rating less than a year ago, closed at just over USD$230 a share yesterday after having peaked at $237.06 on Monday.

Tesla’s valuation soared at the beginning of the week after Deutsche Bank issued a ‘buy’ recommendation relating to a battery storage announcement due tomorrow.

“Tesla’s announcement may be more significant than the market indicates,” said Deutsche Bank. “While stationary storage is still in its infancy, we believe that there are clear indications that significant growth lies ahead.”
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How to learn to love Tesla

Tesla, Elon Musk, SolarCity and other entrepreneurs  are providing bravado and vision to the energy storage industry.

Tesla, Elon Musk, SolarCity and other innovators are providing bravado and vision to the energy storage industry. Photo credit: NASA

Tesla: love it or hate it? It’s a tricky one. Here is a carmaker that churns out flash motors for the über-famous. The company head, Elon Musk, is sickeningly rich, sickeningly young and sickeningly brilliant. Shares are worth nearly three times Wal-Mart’s.What’s to like? Maybe there is something after all. Tesla might be flash, but it seems sincere, too. It has a vision not just for electric cars, but also for a sustainable, renewable future within which energy storage plays an important part.

Tesla provides a touch of bravado in a sector that badly needs heroes. While for us in the industry the value of energy storage is clear, it is important to remember that for the power sector in general our proposition is something of an afterthought.
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Energy storage news: 14.05.14

Elon Musk has said that Tesla is designing a "cool" wall-mounted stationary battery pack for home energy storage.

Elon Musk has said that Tesla is designing a “cool” wall-mounted battery pack for home energy storage. Photo credit: The Henry Ford

This week’s energy storage news from our Twitter feed.

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GM to beat Tesla on batteries

GM has expanded its electric vehicle battery systems laboratory in Michigan. Photo: © General Motors

GM expands its electric vehicle battery systems laboratory in Michigan. Photo: © General Motors

Earlier this week General Motors made a bold statement of intent: to sell a production-line electric vehicle at half the price of Tesla’s Model S, with a similar range. And GM says it will be able to offer the vehicle at USD$30,000 thanks to the development of its own lithium-ion (Li-ion) battery technology, according to a Reuters report.
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Lithium-ion battery production picks up

Naoto Noguchi, President of Panasonic Energy Company, with Elon Musk, CEO of Tesla Motors.

Naoto Noguchi, President of Panasonic Energy Company, with Elon Musk, CEO of Tesla Motors. Photo credit: Panasonic

Two lithium-ion (Li-ion) battery makers have seen an uptick in production, according to press reports last week. LG Chem started production at its Michigan, USA, manufacturing facility last month, media such as MLive confirmed.
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Tesla’s five-minute battery charge

JB Straubel, CTO of Tesla Motors, at an electromobility summit in Berlin, Germany.

JB Straubel, CTO of Tesla Motors, at an electromobility summit in Berlin, Germany. Photo credit: Rudolf Simon

Two new stories on never-out-of-the-news electric vehicle producer Tesla Motors. Number one is the claim by JB Straubel, the company’s top tech guy, that Tesla’s much-touted network of ‘supercharging’ stations will be able to replenish a flat battery in five minutes, more or less the time it takes to refuel a conventional planet-killer.
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US playing catch-up on hydrogen

NREL employees get a chance to test drive one of the Toyota Highlander fuel cell hybrid vehicles

NREL employees get a chance to test drive one of the Toyota Highlander fuel cell hybrid vehicles at the Fuel Cell Hybrid Vehicle Ride and Drive Event at the NREL Education Center as part of Earth Week festivities at NREL. Photo credit: Dennis Schroeder / NREL

Not normally known for its “America last” stance, Forbes magazine has recently run an article that implies the US, or rather the Obama administration, has missed a trick in dismissing hydrogen as an energy storage medium.

The catalyst for this was the new Toyota fuel-cell hybrid
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