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Tesla sees electric future outside the automobile

Tesla Motors’ voracious appetite for growth reaches beyond cars.

The upstart automaker also wants to build batteries capable of powering homes or businesses, an emerging market that could even surpass Tesla’s core business making high-end electric sedans.

"We also plan to start selling (batteries) for use in homes, commercial sites and utilities," the company said in the filing. "The applications for these battery systems include backup power, peak demand reduction, demand response and wholesale electric market services."

David R. Baker

Full Story: http://www.sfgate.com/news/article/Tesla-sees-electric-future-outside-the-automobile-5275148.php

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