Tesla Will Announce A Residential Battery Later This Month, An Analyst Forwards Details
Speculations and anticipations have followed Tesla CEO Elon Musk’s announcement of a new product (not a car!) coming on April 30.
Most of the predictors are anticipating a battery and so do the Global Equities analyst Trip Chowdry. Reportedly, he has sufficient details about the product which he gathered from two people who have been the testers of the batteries.
The credibility of Chowdry’s analysis, however, is really controversial. He is considered as one of the inane analysts in the Apple community. Often his predictions have proven wrong. For example, in 2009 he forecasted that iPhone 3GS would make less sales as compared to iPhone 3G because Palm Pre of the Palm will allure the majority of buyers but things went other way around: Palm is not even in the market now but iPhone did make large greater sales than 3G.
Similarly, in 2013, he said that replacement for Apple CEO Tim Cook and CFO Peter Oppenheimer was around the corner because they were “destroying shareholder value.” This is 2015 but that didn’t happen; in fact, Cook is now considered as one of the best CEOs around the globe.
Now lets move on to his current report. Yes, unlike all the above narrated occasions, Chowdry has not put forth any analysis for Musk’s announcement, he has actually propagated information which he apparently acquired from secondary sources. This is why we think we should pay some heed to this report, forgetting the account of Chowdry’s historically erroneous predictions.
Benzinga has received Chowdry’s full note about the Tesla battery. One of the owners of residential battery from Tesla, gave insight to Chowdry who listed the important points as following:
- “There are about 230 Households in California, who currently have Tesla Stationary Battery installed in their Homes. Another about 100 Households are out of California.
- “This customer had the Tesla Stationary Battery for about One and a Half years, and is installed in his garage.”
- “The Battery has to be installed 1.5 feet above the ground, and should have an open space of 1 ft on all sides.”
- “The battery does not make any noise, does not need any maintenance, has no drippings.”
- “The Battery has the inverter also.”
- “The battery is about 3 ft tall and 2.5 ft wide and looks good.”
- “The installer offered a choice between 10KWH and 15KWH; he went with 10KWH.”