At Universal Studios in Los Angeles Tesla CEO Elon Musk showed off the company’s solar roof-top panels and new Energy initiative. It also showed off its new $5, 500 Powerwall 2 high-capacity residential batteries and Powerpack 2 for businesses. Musk and company have been teasing the photovoltaic cell-embedded rooftop panels for a few weeks . It’s also using the announcement of the new product as an explanation for why its acquiring Solar City. Musk said that if the merger doesn’t go through, the launch of the new tiles will be difficult. During the event, Musk sort of talked about the price of the panels. He said that when a house has these the “installed cost is less than a normal roof and the cost of electricity.” But there was no concrete pricing announced. The event was held on a Hollywood backlot where Solar City and Tesla had installed non-operating solar panels onto the houses you might recognize for the TV show, Desperate Housewives . The houses didn’t attract any attention before the event because they appeared so normal. He also showed off a house with a Tuscan style glass tiles that to the naked eye, you would be hard-pressed to notice that the roof was actually sucking up the energy of the sun. “People love their homes and we want them to be better, ” Musk said. Of course the entire equation requires batteries for a home to keep it lit up when the sun goes down. Tesla says the new Powerwall 2 will power a four bedroom house with lights, refrigerator and other appliances for an entire day. Musk said that they expect to start installing the glass tiles in summer 2017 and for the roofs to last a very very long time. “We expect this to have two or three times the longevity of asphalt. It’s really never going to wear out. It’s got a quasi-infinite lifetime. It’s made of quartz, ” he said. Tesla and Solar City are working with 3M on the coating on the glass tiles. Tesla has just come off an impressive quarter where it posted a profit for the first time in two years . It also announced earlier this month that all vehicles produced going forward would have the hardware capable of full autonomous driving . Developing. Source: Tesla

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Tesla unveils its solar roof and Powerwall 2