Tesla has been crushing a few of its Powerwall manufacturing and deployment targets in current months, and the corporate has simply introduced doubling a current file at its Gigafactory Nevada.
On Tuesday, Tesla’s Power account on X introduced that Giga Nevada produced 1,000 Powerwall models in a single day, surpassing a record-breaking day in August when it celebrated surpassing 500 models in a single shift. The house battery has been deploying in substantial numbers all through many international markets, approaching the heels of Tesla’s launch of the latest-generation Powerwall 3 all through this yr.
Credit score: Tesla Power | X
Musk additionally responded to the information in a publish on X, highlighting the use case for Powerwalls:
Congratulations Tesla Powerwall crew!
These will make an enormous distinction around the globe. With a Powerwall, your property or enterprise has assured steady energy throughout utility blackouts or brownouts.
Add photo voltaic to your roof and/or close by floor and you may function off grid.… https://t.co/DB7vTnNwl6
— Elon Musk (@elonmusk) November 12, 2024
The state of Tesla Power heading into the tip of 2024
The information comes as Tesla has been quickly increasing its power enterprise all through this yr, after Elon Musk predicted that the sector’s gross sales progress would outpace its automotive enterprise in 2024. Musk additionally mentioned he anticipated the power division to grow to be the corporate’s highest margin enterprise this yr, and there was no scarcity of manufacturing or deployment of the corporate’s Powerwalls and grid-scale Megapack batteries over the past a number of months.
In Q3, Tesla’s Power division reached a file gross revenue margin of 30.5 p.c, together with the corporate highlighting that it has deployed over 750,000 Powerwall models worldwide. Of these, Tesla says that over 100,000 Powerwall models around the globe have been enrolled into one of many firm’s Digital Energy Plant (VPP) applications, which basically creates an enormous, distributed battery throughout massive areas throughout instances of peak demand.
Tesla has additionally unveiled its Powerwall 3 batteries in markets together with the U.S., Canada, Germany, the UK, and Western Australia, with the remainder of the world nonetheless solely gaining access to the Powerwall 2 in the meanwhile. Final month, the corporate additionally launched growth models for the Powerwall within the U.S., providing decreased set up time with elevated stacked capability.
Along with the home- and commercial-scale Powerwall, Tesla additionally presents the grid-scale Megapack, which has been reaching comparable information and deploying simply as rapidly. Tesla’s so-called “Megafactory” in Lathrop, California constructed its 10,000th Megapack earlier this month, and it’s ultimately anticipated to succeed in an annual manufacturing capability of 10,000 models, or 40GWh.
Together with the Lathrop Megafactory, Tesla has practically accomplished a second Megafactory in Shanghai, China, which can also be anticipated to ultimately attain a quantity manufacturing of 10,000 models per yr. At the moment, the Shanghai Megafactory goals to start transport models within the first quarter of 2025.
Tesla Power already exceeded FY 2023’s battery deployments–and there’s nonetheless one quarter left
What are your ideas? Let me know at [email protected], discover me on X at @zacharyvisconti, or ship us suggestions at [email protected].
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