Tesla Rises as Analysts Cite Energy Storage Opportunity
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Tesla Motors Inc. climbed the most in three weeks after two analysts said the electric-car maker’s plan to offer storage batteries for homes and businesses is a growth opportunity.
The automaker is using its lithium-ion battery technology to position itself as a front-runner in the emerging market for energy storage that supplements, and may ultimately threaten, the traditional electric grid. Tesla is scheduled to unveil a home battery and “very large” utility-scale battery Thursday at its design studio in Hawthorne, California.