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Musk says Tesla battery and solar business could be worth more than EVs – RenewEconomy
Tesla’s car business is now valued by the market at around $US300 billion. But Elon Musk says its energy and solar division could be worth just as much.
Tesla is riding on the coat-tails of a phenomenal valuation at the moment more than $US300 billion largely based on investor views about the future of mobility. Those investors are convinced the future will be electric and autonomous, and they think that Tesla, for the moment, has an astonishing lead over its rivals.
Founder and CEO Elon Musk, however, says that these investors are overlooking one key part of his business solar and battery storage that he says could effectively double the value…
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