There has been a lot of uninformed banker-speak in the media about Tesla’s battery including by Bloomberg here. The problem is these folks don’t understand the new market that Tesla is opening up.

But I’m also turning to Bloomberg for the first smart analysis and that’s not surprisingly from Solar City’s Lyndon Rive (who happens to be Elon Musk’s Cousin – perhaps you noticed the accent?).

The complaints have been that the battery wall doesn’t make economic sense – that for the average household to go off the grid with these combined with solar (or wind), it would be incredibly expensive.

That’s correct… expand full story