What Secret Project is Tesla (TSLA) Working On? And What's In a Name?
According to the analyst, Tesla is likely working on a stealth project related to Grid Storage and Grid Parity Storage. He said there are probably 5 engineers currently working on the above initiative and this group may grow to 20 engineers within next 6 to 8 months. A product offering in Grid Storage and Grid Parity Storage could come within next 2 to 3 years, he said.
On a lighter note, Chowdhry claims there has been a logic behind the Tesla car names... think SEXY. The first model was the S. The next was the X and the next will likely be Y. He said Tesla wanted to name a Model E, but Ford said they would file a trademark infringement against the company if they had.