“Whatever Tesla Motors (TSLA) CEO Elon Musk reveals in the coming week about building an electric-car battery factory, it’s sure to fuel speculation about where Tesla can go with it, and one other thing: round-the-clock solar power,” Donna Howell reports for Investor’s Business Daily.
“Synergies between Tesla and cousin company SolarCity (SCTY) don’t end with Musk,” Howell reports. “Tesla already has started making some battery packs for SolarCity. More insights on synergies might come out when SolarCity reports its Q4 earnings after the close Monday. And more clues could emerge from the ‘Tesla Gigafactory’ conference call that Musk plans in the coming week.”
“Besides being CEO of Tesla, Musk is chairman and a major shareholder at SolarCity, where his cousin is CEO,” Howell reports. “Analysts expect Tesla’s current lithium ion battery partner Panasonic will play a role in the factory. And after word about Tesla talks with Apple (AAPL) surfaced recently, analyst Kallo told IBD that Apple could conceivably be an additional user of batteries made at the plant.”
MUCH more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]