In a cryptic tweet , Elon Musk has announced the launch of a 'major ' new line of products . Tesla 's billionaire founder today fuelled speculation by saying it 'not a car ' and added the product will be revealed at the company 's California , Design Studio on April 30 at 8 p.m. PT . The announcement has triggered the hashtag # TeslaNewProductGuesses , with Musk fans making lighthearted guesses ranging from an Iron Man suit to an inflatable helicopter . Scroll down for video . In a cryptic tweet , Elon Musk has announced the launch of a 'major ' new line of products . The launch date coincides with the arrival of the stationary battery pack designed to power an entire home . The launch date coincides with the arrival of the stationary battery pack designed to power an entire home , according to The Verge . Last month , Musk said the unit would be ready for a public debut within months and that it should start going into production by the summer . It is likely to build on the power packs used in Tesla ’ s range of electric cars such as the Model S. ‘ We are going to unveil the Tesla home battery , the consumer battery that would be for use in people ’ s houses or businesses fairly soon , ’ Mr Musk told analysts . Tesla 's billionaire founder today fuelled speculation by saying it 'not a car ' and added the product will be revealed at the company 's California , Design Studio on April 30 at 8 p.m. PT . ‘ We have the design done , and it should start going into production in about six months or so. ’ The Mirai features the Toyota Fuel Cell System , which combines fuel cell technology with hybrid technology . The firm said it can serve as a 'high capacity power supply during emergencies ' . The Mirai converts the DC power from the CHAdeMO power socket in the boot to AC power , using an attachment . Toyota calls it a vehicle-to-home system . Tesla 's home battery could work in a similar way , or be a standalone battery . He didn ’ t reveal what a home battery would be used for , but it could act as a generator during a power cut , for example . Rival car manufacturer Toyota already uses a hydrogen fuel cell in its Mirai car that can be removed and used to power a home . According to the Japanese car maker , the battery can supply electric power to an average home for a week . Last year , Tesla Motors unveiled plans for a $ 5billion ‘ Gigafactory ’ designed to help the firm ramp up production of batteries for its electric cars , and now homes . Tesla said the factory 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 . 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 . Following today 's announcement , Tesla stock jumped more than three per cent to over $ 190 per share . The announcement has triggered the hashtag # TeslaNewProductGuesses , with Musk fans making guesses ranging from an inflatable helicopter to a supercharger that turns beer into electricity . Following today 's announcement , Tesla stock jumped more than three per cent to over $ 190 per share . Twitter is also rife with speculation with many making light-hearted guesses following Elon Musk 's cryptic message .
Elon Musk 's tweet has triggered hashtag # TeslaNewProductGuesses . It will be revealed at company 's website , Design Studio on march 27 . Launch date coincided with the arrival of Tesla 's new hybrid battery pack . Toyota already uses a fuel cell in its Mirai battery that can also power a home .