Elon Musk has announced that Tesla already builds a third megafactive to produce more megapacks just when the festival in the garage power is heated
Energy Garage Tesla’s Silver Lining this quarter.
While its main business, the automotive business, shrank in both revenue and margins, its energy storage business grew more than 100% year-over-year – having deployed 31.4 GWh versus 14.7 GWh in 2023.
That’s mainly due to its Megapacks, its popular utility-scale energy storage systems, and the production ramp at its Megafactory in California, where it produces those battery packs.
Tesla also recently completed construction at its second Megafactory, this one in Shanghai, China, and now, the company revealed that it is building a third Megafactory.
The CEO Elon Musk said in the call of the Convention after its monetary effects of the fourth quarter of 2024 yesterday:
So, we have our second factory, which is in Shanghai, that’s starting operation, and we’re building a third factory. So, we’re trying to ramp output of the stationary battery storage as quickly as possible.
The CEO has said where Tesla builds this new factory or what he meant precisely through “we built. ” The factory is unlikely to be under construction.
Tesla has announced an annual planned capacity of 40 GWh for the first megofactories.
While Tesla’s growth in energy storage has been nothing short of impressive, it has been fueled partly by price cuts lately.
In the year beyond the year, Tesla has reduced the value of Megapack to $ 1. 5 to $ 1 million. Tesla is very opaque with its monetary effects and does not break its source of income and prices through style or product.
It brings in combination all its activities of power, sun and garage. However, we know that Tesla’s solar activities now make up a small fraction of its global energy activity.
Don’t care who makes battery storage facilities as long as they continue to proliferate to support the generation and distribution of renewable energy which is so much less expensive and better for all of us. In this area, renewable energy generation is half the cost of coal/gas/nuclear.
If we breakdown Tesla’s reported energy deployment compared to revenue and costs, we can see that Tesla’s profits per GWh deployed hit a record low for the year last quarter:
That’s happening as competition is heating up and gunning for Megapacks, which is still clearly the market leader.
Tesla does not produce its own battery-powered mobiles to make megapacks, and two of Tesla’s main battery suppliers, BYD and CATL, have recently launched products to compete with Tesla’s megapacks.
While the call to the production of Global Power Garage of Still Global, Tesla would possibly want to reduce additional costs to continue increasing this segment of your business.
Fred is editor -in -chief and major in Electk.
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