article_snippet.sent: Tesla has unveiled a 'revolutionary' $3,000 (£1,980) battery which Musk claims can run an entire home for eight hours.
article_snippet.sent: Tesla has unveiled a $3,000 (£1,980) home battery that can power an entire house for eight hours. 
article_snippet.sent: As well as the daily-use model, Tesla will also launch a 10 kilowatt-hour backup battery, designed to tide homes over during power blackouts, such as those caused by storms.
article_snippet.sent: Musk is already the chairman of SolarCity - a company that offers solar power systems for homes - and Tesla's home battery is an extension of this .
article_snippet.sent: The latest announcement builds on previous Tesla products, principally The latest announcement range of cars.
article_snippet.sent: Last year, Tesla Motors unveiled plans for a 'Gigafactory' designed to help the firm ramp up production of batteries for Tesla Motors electric cars, and now homes.
article_snippet.sent: Tesla said Tesla will cut current battery production costs by up to 30 per cent, and will be powered predominantly by renewable energy sources, such as wind and solar.
article_snippet.sent: Elsewhere, Mr Musk is already the chairman of SolarCity - a company that offers solar power systems for homes - and Tesla's home battery could be an extension of this.
article_snippet.sent: Deutsche Bank estimates sales of stationary battery storage systems for homes and commercial uses could yield as much as $4.5 billion in revenue for Tesla.
article_snippet.sent: Analysts expect Tesla will build stationary storage systems around the same basic batteries Tesla will produce for Tesla vehicles at a large factory Tesla is building in Nevada.
article_snippet.sent: Tesla has so far received $1.1 million from California's Self-Generation Incentive Program.
article_snippet.sent: Tesla has received or is poised to receive state funding for about 600 storage projects in California, according to data from the state.