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Forget Cars; Tesla (Nasdaq: TSLA) Wants to Power Your Entire City
The small lithium-ion batteries that Tesla Motors Inc. (Nasdaq: TSLA) uses to power its luxury $70,000 (base price) electric cars look very similar to the AA batteries you put in your television remote. They're about 2.5 inches long and the Tesla Model S sedan uses thousands of them to travel for 265 miles on a single charge.
But the applications for these tiny batteries are much bigger than just electric cars...
The small lithium-ion batteries that Tesla Motors Inc. (Nasdaq: TSLA) uses to power its luxury $70,000 (base price) electric cars look very similar to the AA batteries you put in your television remote. They're about 2.5 inches long and the Tesla Model S sedan uses thousands of them to travel for 265 miles on a single charge.
But the applications for these tiny batteries are much bigger than just electric cars...