Tesla’s storage solutions arm Tesla Energy has seen a surge in demand for its storage solutions. Musk has revealed that more than 100,000 reservations have come in for the rechargeable lithium-ion batteries. This could translate to sales of more than $1 billion. Tesla plans to ramp up,

produce and sell $40 to $50 million worth of batteries in Q4 according to Forbes. The plan for 2016 is to produce ten times more and 2017 sales should be another five to ten times more according to Musk. 70% of the demand has come for the commercial and industrial scale Powerpack and the remaining 30% for residential Powerwall.

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