5 major utility CEOs discuss the transformation of the energy system

[CajunBlazer]

3. I'll Stick With Musk, Thank You

Those who will initially buy Tesla's home storage batteries are the same type of folks who buy a Tesla to drive; they won't be poor. They will have money to buy as many batteries as they desire.

I would also expect that should commercial power go out, those using the batteries will operate similar to those who have electrical generators which are not powerful enough to power everything in their houses. The batteries will be used to keep refrigerators and freezers cold, provide minimal lighting, etc.

Over time the batteries Tesla will sell will grow more efficient and have greater storage capacity. Manufacturing economies of scale will allow for lower prices as well, making them affordable to larger and larger segments of the population.

Never underestimate a man whose companies developed one of the first commercial spacecrafts and a car which has won just about every automobile award the first year it was produced.