Musk says Tesla battery and solar business could be worth more than EVs

RENEW ECONOMY | Tesla is riding on the coat-tails of a phenomenal valuation at the moment – more than $US300 billion – largely based on investor views about the future of mobility. Those investors are convinced the future will be electric and autonomous, and they think that Tesla, for the moment, has an astonishing lead over its rivals.

Founder and CEO Elon Musk, however, says that these investors are overlooking one key part of his business – solar and battery storage – that he says could effectively double the value of the company. Or be worth as much, in itself, as the auto and e-mobility division.

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