Hiring is going on for Tesla Motors Inc (NASDAQ:TSLA)’s battery unit as the company is going to grow beyond electric vehicles and is planning to provide energy sources to homes, businesses and utilities. A Bloomberg article reported on the news and discussed about the job opportunities that could result from the business expansion of Tesla Motors Inc.
“The battery business, while still in its infancy, could ultimately be a better business, as it could generate higher margin and require less ongoing spending. The market is less competitive,” said Ben Kallo, an Analyst with Robert W. Baird & Co.
In February, Elon Musk, founder and Chief Executive Officer, said that Tesla Motors Inc (NASDAQ:TSLA) is planning to debut a battery for home use, and manufacturing may start in approximately six months or so. Tesla Motors Inc.’s growth in this market could be seen in company presentations and filings. Manufacturing batteries for stationary storage devices could turn out to be easier and quicker than manufacturing cars and the market has less competition as compared to the auto industry.
There are currently about 80 job opportunities listed on Tesla’s website for the storage team, which includes several engineers, chief counsel, installation project manager and a regulatory and policy advocate. Tesla Motors Inc (NASDAQ:TSLA) is hunting for the best talent and skillful professionals to be added in its team, as it will be facing competition from LG Chem, Samsung Electronics Co Ltd (SSNHY) and Saft Groupe in the market.
“Tesla is driving as fast as we can into this space. I see us more as an energy innovation company at our core than even a car company,” said J.B. Straubel, Chief Technology Officer at Tesla Motors Inc.
Innovations in energy is a backbone of Tesla Motors Inc (NASDAQ:TSLA) and a reason for its success from the beginning, so the company is planning to manufacture batteries that will supply backup power for home and business use, with the hopes of eventually meeting wholesale energy demands. Tesla Motors Inc can achieve its milestones like massive production and reducing the cost of batteries through efficient and effective manufacturing processes which could only be performed by acquiring a highly motivated and skillful team.
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