Tesla plans to offer a $30 monthly subscription for unlimited overnight house charges

Tesla plans to offer a $30 monthly subscription for unlimited overnight house charges. It will be launched in Texas because windy nights help generate power.

Elon Musk's Tesla plans to offer Texas unlimited overnight home charges for $30 a month.

Texas has a lot of wind at night, which serves as an energy source, Drew Baglino said at Tesla Investor Day.

The $30 monthly subscription comes as part of the Tesla Electric.

On Wednesday, Tesla announced plans to roll out unlimited overnight home charging to customers in Texas for $30 per month.

Customers in Texas will be offered a retail electricity plan in July as part of Tesla Electric, which provides sustainable energy to homes, Drew Baglino, Tesla's senior vice president of engineering, said during the company's Investor Day.

"This is part of lowering our total cost of ownership, and we're able to do that because Texas has a lot of wind. And in Texas, it's windy at night," Baglino said.

Last year, Texas generated more wind power than all other US states, according to a February report from the nonprofit news organization Climate Central.

Baglino said the $30 monthly subscription was a way to incentivize Tesla customers to charge their cars at home overnight directly from a renewable energy source.

Charging an electric vehicle at home depends on electricity rates and the range of the car.

According to Kelley Blue Book's car buying guide, analyst and journalist John Voelcker said that as of October 2022, the average American household was about 16 cents per kWh. Charging an electric vehicle at home would cost about $56 per month.

According to the website, customers can only sign up for Tesla Electric if they have the company's Powerwall energy storage battery and live in an area of Texas that offers a retail option.

Tesla's fee subscription was included in a three-hour presentation at Investor Day. Baglino provided data from Tesla Electric's hypothetical power plant in South Australia, which will serve 5,000 customers in 2022.

He said those who used the virtual utility services paid about $142 per month. Whereas customers using Tesla Solar and Powerwall, who did not interact with the grid, paid $69 per month.