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Tesla Motors (NASDAQ:TSLA) And Solar City Have Good Future Together,

Elon Musk, the CEO of electric car maker Tesla Motors Inc (NASDAQ:TSLA), space launch firm SpaceX and also the chairman of solar power provider SolarCity. SolarCity has unveiled that it is going to sell power systems to store electricity to meet their peak demands with the help of Tesla.

Actually the solar provider is trying to offer a way to cut companies’ electricity bills by storing power until they need it on daily basis. According to Lyndon Rive, SolarCity’s CEO, companies will be allowed to handle their peak demand better at day or night.

Among automakers, Tesla Motors Inc (NASDAQ:TSLA) is extraordinary as its batteries come in packs made from cells of the same type used in laptops. Battery pack is made by hundreds or thousands of these cells. They should work for business storage purposes if they can work for cars.

Although the automaker has reported that its battery supplies have been short but better supply will be obtainable in the future when the storage program will start.


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