Elon Musk claims two billion of the batteries could provide all of world’s energy needs

The electric car company Tesla has announced its entry into the energy market, unveiling a suite of low-cost solar batteries for homes, businesses and utilities, “the missing piece,” it said, in the transition to a sustainable energy world.

The batteries, which will retail at $3,500 in the US, were launched on Thursday at a Tesla facility in California by the company’s ambitious founder, Elon Musk, who heralded the technology as “a fundamental transformation [in] how energy is delivered across the earth”.

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