LOS ANGELES — Tesla Motors plans to generate new revenue by repackaging electric car batteries. This comes as home and business power storage systems face stiff competition for government subsidies critical to the market’s growth.At the unveiling of its suite of storage battery systems near Los Angelos last Thursday, Tesla CE Elon Musk said the new Tesla Energy was far ahead of its competition in offering an integrated system for generating solar power and storing it on site.Analysts see a multibillion-dollar market in its infancy as power companies, businesses and home owners buy systems that stabilise the grid. But Tesla is not the only company offering such systems, and industry insiders say the cost of a Tesla system, which starts at $3,000 (about R36,000) for a home storage battery pack, is in line with the rest of the market.Established energy and technology players such as Samsung SDI, LG Chem and Saft Groupe are a few of the names marketing products similar to Tesla’s — smal...
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