Tesla has been crushing some of its Powerwall production and deployment targets in recent months, and the company has just announced doubling a recent record at its Gigafactory Nevada. Contact online >>
Tesla has been crushing some of its Powerwall production and deployment targets in recent months, and the company has just announced doubling a recent record at its Gigafactory Nevada.
On Tuesday, Tesla’s Energy account on X announced that Giga Nevada produced 1,000 Powerwall units in a single day, surpassing a record-breaking day in August when it celebrated surpassing 500 units in one shift. The home battery has been deploying in substantial numbers throughout many global markets, coming on the heels of Tesla’s launch of the latest-generation Powerwall 3 throughout this year.
Credit: Tesla Energy | X
Musk also responded to the news in a post on X, highlighting the use case for Powerwalls:
Add solar to your roof and/or nearby ground and you can operate off grid. https://t /DB7vTnNwl6
The news comes as Tesla has been rapidly expanding its energy business throughout this year, after Elon Musk predicted that the sector’s sales growth would outpace its automotive business in 2024. Musk also said he expected the energy division to become the company’s highest margin business this year, and there has been no shortage of production or deployment of the company’s Powerwalls and grid-scale Megapack batteries over the last several months.
In Q3, Tesla’s Energy division reached a record gross profit margin of 30.5 percent, along with the company highlighting that it has deployed over 750,000 Powerwall units worldwide. Of those, Tesla says that over 100,000 Powerwall units around the world have been enrolled into one of the company’s Virtual Power Plant (VPP) programs, which essentially creates a giant, distributed battery across large regions during times of peak demand.
Tesla has also unveiled its Powerwall 3 batteries in markets including the U.S., Canada, Germany, the UK, and Western Australia, with the rest of the world still only having access to the Powerwall 2 for the time being. Last month, the company also launched expansion units for the Powerwall in the U.S., offering decreased installation time with increased stacked capacity.
In addition to the home- and commercial-scale Powerwall, Tesla also offers the grid-scale Megapack, which has been reaching similar records and deploying just as quickly. Tesla’s so-called “Megafactory” in Lathrop, California built its 10,000th Megapack earlier this month, and it’s eventually expected to reach an annual production capacity of 10,000 units, or 40GWh.
Along with the Lathrop Megafactory, Tesla has nearly completed a second Megafactory in Shanghai, China, which is also expected to eventually reach a volume production of 10,000 units per year. Currently, the Shanghai Megafactory aims to begin shipping units in the first quarter of 2025.
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Tesla Inc.’s TSLA gigafactory in Nevada built a thousand Powerwall energy storage devices in a single day marking a new milestone, the EV giant announced on Tuesday.
What Happened: “Congrats to the Tesla Nevada team on building 1000 Powerwalls in a single day,” Tesla wrote on its official X handle dedicated to updates on the company’s energy generation and storage segment.
Company CEO Elon Musk also congratulated the team at Giga Nevada on the milestone.
Powerwall is a powerful home battery that stores solar energy for use when the grid goes down. The company has previously said that it has the capacity tobuild a Powerwall 3- the latest iteration of the product- every 25 seconds, or more than 700,000 units per year.
Tesla''s gigafactory in Nevada makes electric motors, vehicle powertrains, and batteries in addition to energy storage products. The company is looking to expand the factory further with a 100 GWh 4680 cell factory and a high-volume Tesla Semi factory.
Why It Matters:In the three months through the end of September, Tesla''s energy generation and storage revenue touched $2,376 million, marking a growth of 52% as compared to the corresponding period of last year. The energy business achieved a record gross margin of 30.5% and the powerwall product achieved record deployments.
Tesla manufactures two energy storage products- the Powerwall and the powerful battery called Megapack.
Tesla currently operates a Megafactory in Lathrop, California, capable of making 10,000 Megapack units in a year. The company is also putting up a Megafactory in Shanghai which it expects to start shipping Megapacks in the first quarter of 2025.
For 2024, Tesla now expects to deploy more than twice the energy storage deployed last year, or over 29.4 GWh of energy storage.
Check out more of Benzinga’s Future Of Mobility coverage byfollowing this link.
Photo courtesy: Tesla
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