Tesla Latest News & Update: Automaker Overhauls Stores To Showcase Energy Products Following Solar City Acquisition; Powerwall 2.0 Now Available

By Arianne Gift , Updated Nov 22, 2016 09:17 AM EST
Close

Tesla's retail locations are getting a makeover one by one in an effort to focus more on the business' energy side. As part of the huge renovations, the American automaker and now energy storage company will display its latest rechargeable home battery, the Powerwall 2.0.

As of recent, Tesla has already revamped some of its stores in various locations across Australia, Europe, and North America. The company is prioritizing key locations first where the demand for energy products are high. However, they will be updating more stores in the near future, reports Business Insider.

Tesla's Powerwall 2.0 is Showcased In Store

Meanwhile, Tesla's Powerwall batteries are now made available in various retail locations. The only way to purchase the rechargeable battery previously was on Tesla's website. Along with that, the company will install new graphics in order to explain the efficiency of its energy products.

Musk revealed the Powerwall 2.0 at a Tesla company event in October, together with the solar shingles. The event highlighted the capacities of the solar shingles, but the rechargeable batteries also made quite an impression.

Tesla's Powerwall 2.0 has the capacity to provide 5 kWh of continuous power, which is twice the energy compared to its predecessor. The upgraded rechargeable battery holds enough power for a 2-bedroom home.

Tesla Officially Acquires SolarCity

After the proposal that transpired earlier this year, Tesla's acquisition of SolarCity officially closed Monday morning. The deal officially signals the union of Elon Musk's company and the solar energy company founded by Lyndon and Peter Rive, who are cousins of Musk. The deal was approved by Tesla Motors and shareholders of SolarCity last week, according to TechCrunch.

"We're pleased to announce that Tesla's acquisition of SolarCity closed this morning," Tesla announced on the news. The $2B-worth deal also means that SolarCity's debt is absorbed, which is worth roughly $3B. Shareholders voted in favor of the acquisition last year, with more than 85 percent of Tesla shares voted in favor.

© 2020 Game & Guide All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics