Tesla battery deployment up 157%; Megapack pricing down 44%

JOHN FITZGERALD WEAVER | Source: PV Magazine | Posted 07/10/2024

In its latest quarterly press release, traditionally focused on vehicle production, Tesla revealed a significant increase in energy storage deployment, officially reporting revenue for 9.4 GWh of deployed storage products.

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Tesla achieved a remarkable milestone in the second quarter of 2024, deploying a record-breaking 9.4 GWh of energy storage, more than double its previous highest quarterly deployment. This significant achievement marked a 131% increase from the previous quarter and a notable 157% rise from the volume deployed in the same quarter of the previous year.

In a notable departure from its usual focus on vehicle manufacturing figures, Tesla highlighted its advancements in energy storage in the end-of-quarter press release. With the steadily growing contribution of the energy sector to its revenue stream, projections suggest that energy revenue could account for 15% to 21% of the company's total revenue in upcoming periods, leaning towards the upper end of this range.

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Source Link: https://pv-magazine-usa.com/2024/07/03/tesla-battery-deployment-up-157-megapack-pricing-down-44/

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Tesla battery deployment up 157%; Megapack pricing down 44%

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