Whereas Tesla’s automobile supply outcomes had been disappointing, there was nonetheless excellent news within the report: Tesla’s power storage enterprise continues to increase.
Initially, at the start of a brand new quarter, Tesla would solely launch manufacturing and ship outcomes for its automotive enterprise, however issues modified in 2024.
In Q1 2024, Tesla’s automobile deliveries had been considerably down for the primary time in a very long time so Tesla determined to additionally launch its power storage deployment, which appeared so much higher.
The corporate continued to take action all year long, and with the discharge of its This autumn outcomes yesterday, Tesla confirmed that it deployed 11 GWh of power storage:
Within the fourth quarter, we produced roughly 459,000 autos, delivered over 495,000 autos and deployed 11.0 GWh of power storage merchandise – a report for each deliveries and deployments.
That’s a brand new report up 1.6 GWh from Tesla’s final quarter in Q2 2024 when the corporate deployed 9.4 GWh of power storage.
A distinction of 1.6 GWh is what Tesla used to deploy in a complete quarter again in 2022.
The numerous ramp-up in deployment is because of Tesla now having absolutely ramped up its Megafactory in Lathrop, California, the place the corporate produces the Megapack, its power storage battery pack for giant utility-scale mission.
Tesla has additionally ramped up manufacturing of its Powerwall, however we have now reported some inconsistencies in Tesla’s claimed Powerwall manufacturing capability.
After the success of Megafactory in California, Tesla now goals to duplicate it with a brand new Megafactory in Shanghai, which is predicted to begin manufacturing this 12 months.
Whereas volumes are growing, Tesla is having the scale back costs for the demand to maintain up as competitors for power storage can be ramping up.
Earlier this 12 months, CATL, which provides Tesla with battery cells for a lot of of its merchandise, launched its personal Megapack competitor, which is predicted to place strain on Tesla.
