People are ready. They want to participate--right from their homes--in the renewable energy transformation. Tesla is getting ready for next year's roll-out of their $30K all electric car--one that will sell like the Toyota Camry. With the model S the majority of new owners also purchase solar panels or other renewable sources--they love putting sunshine in their cars. Zero emissions and economic value to boot. With the powerwall they will also be able to go off grid, if they wish. The excitement is palpable and during Tesla's recent earnings call, CEO Elon Musk just announced that the company has so far taken 38,000 reservations for its Powerwall home battery.
"The response has been overwhelming. Like, crazy," Musk said.
He went on to describe the reception to Tesla Energy's introduction as "crazy off the hook." Tesla has also tallied 2,500 reservations for the PowerPack. Musk said this actually equates to more like 25,000 since reservations averaged around 10 Powerpacks each. "The volume of demand here has just been staggering," he said. "It really feels like, man, the stationary storage demand is just nutty. Like, worldwide, it’s just crazy."
A market analyst recently did an analysis of Tesla's soaring stock value. And his conclusion: Tesla is selling "hope in our future."
"Elon Musk is selling hope.
To the vast majority of people today, the future of the world seems bleak. Climate change is real, yet atmospheric carbon levels continue to rise.
There are two ways to deal with this without giving into despair. One way is to deny it. Climate change denialism is increasing in intensity even as the crisis deepens. Politicians seem incapable of taking decisive action against this well-funded opposition.
The other way to deal with the crisis is to hope for solutions. And that is what Tesla (NASDAQ:TSLA) is offering, hope in the form of electric cars powered by solar energy, energy that can be stored for use at night, creating a more stable electric grid in the process.
To skeptics, it seems inconceivable. But people are buying it, with real dollars. That's the lesson of Tesla's first quarter report. People are buying it."