Hello and welcome to the Wednesday January 16th 2019 edition of Tesla Daily on Official Tesla Podcast.

My name is Rob Maower.

Today we are talking about a subsidy for Australian battery storage,

as well as some further news on Ford's electric vehicle plans.

Tesla stock on the day todayto-day finished up 0.47% to $346.05, this compared to the

NASDAQ up 0.15%.

In some positive news from South Australia, Tesla's Powerwall has been approved for South Australia's home battery scheme, which is a government program that subsidizes the cost of residential battery storage systems.

The subsidy is based off of the storage capacity and it ranges from 500 to $600

depending on income levels per kilowatt hour which means that the Tesla Powerwall 2 gets the full subsidy

of $6,000 being that it is a 13.5 kilowatt hour capacity.

There are a couple nice things with this subsidy program. Number

one it's available to all South Australians that are connected to the grid. Number two, it's a

subsidy which means it comes off the purchase price immediately. It's not a rebate

which carries that

higher upfront cost but then you get money back later on. There does seem to be one

caveat to this in the form of capping from the South Australian government

website quote from October 2018, 40,000 South Australian households

can access $100 million in state government subsidies

and $100 million in loans to pay for the installation for home battery systems."

End quote.

So there are a couple caps there, one for the number of homes and then one for the dollar

amount for the subsidies and for the loans.

...