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This battery breakthrough could forever change how you power your home

This battery breakthrough could forever change how you power your home
Tesla

Tesla is mostly known for its sleek electric cars and the batteries that power them, but the company could be on the verge of moving out of your garage and into your living room. That's right, Tesla is developing a new battery that could change the way we power our homes and businesses.

On an investor call Wednesday, [Elon] Musk said the designs for a home or business battery are already complete and will likely be unveiled to the public "in the next month or two." Production could be as little as six months away, he added.

The battery project is still early in development, so we don't know how much about how much it will cost. I'm betting that early models will be very expensive. But, just like Tesla's electric cars, the price of the battery would likely go down as more and more people start to use them. Click here to read about Tesla's affordable electric car that's coming out in a few years.

Next page: Learn about how Tesla's new battery will work.
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