Powerwall owners in Texas who are part of the Tesla Electric plan reportedly earned an extra $100 on average during the recent heatwave, reports Electrek.
Tesla Electric’s unique business model, which involves buying and selling electricity for Powerwall owners, has allowed its customers to profit during peak demand periods.
Late last year, Tesla launched Tesla Electric, marking its entry into the energy retail sector. The service is currently limited to Texas, but the company has plans for expansion.
See Also: Why This Tata Stock Is Upbeat Today
The rates under Tesla Electric can be highly advantageous, especially during times of strong demand when Powerwall owners can make money by sending electricity back into the grid.
In the recent Texas heatwave, Tesla Electric customers, on average, made $100 over a span of 10 days as per a recent tweet from the company.
Read Next: Week In Review From Global Giants India Push To Adani Groups Highs And Lows
Image Courtesy – Tesla
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4 Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
