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Tesla’s new Gigafactory is expected to have a dramatic effect on the energy storage market, helping to bring battery costs down by as much as half by 2020.
In fact, Tesla Motors Inc. (Nasdaq: TSLA) and SolarCity Corp. (Nasdaq: SCTY) are now working together to bring solar power into more consumer areas. Their project, currently in the final "proof of concept" stage, will make rooftop panels that are fitted with Tesla batteries.
Moving into the housing market is yet another long-term goal for Tesla. It shows how disruptive the company's technology really is, and how the company is more than just an automaker. For now, the TSLA stock price will be volatile. But the profit potential it's tapping in to with new projects and investments will pay off for patient investors.