Elon Musk announced that Tesla is already building a third Megafactory to produce more Megapacks just as the competition in the energy storage space heats up
Energy storage was Tesla’s silver lining this quarter.
Although its major activity, automotive activity has decreased either in source of revenue and margins, its power garage activity has higher through more than one hundred percent in annual shift – after having deployed 31. 4 GWh opposed to 14Array 7 GWh in 2023.
This is basically due to its megapacks, its popular utility-scale energy garage systems, and the production ramp at its megafactory in California, where it produces those batteries.
Tesla also recently ended the structure at the time Megafactire, this in Shanghai, China, and now, the corporate has to structure a third megafactory.
CEO Elon Musk said during the conference call following the release of its Q4 2024 financial results 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 did not say where Tesla is building this new factory or what he means accurately through “We are construction. “The plant is unlikely to be under construction.
Tesla has announced an annual planned capacity of 40 GWh for the first megafactories.
Although Tesla’s expansion in Power Garage has not been less impressive, it has been driven in components through a decrease in value in recent times.
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 power, sun and garage activities. However, we know that Tesla’s Sun business now represents a small fraction of its general energy business.
Do not worry about knowing who makes battery garage facilities whenever they continue to proliferate the generation and distribution of renewable energies that are so expensive and older for everyone. In this area, renewable energy production is part of the carbon / fuel / nuclear load.
If we break down the declared energy deployment of Tesla in relation to the source of income and costs, we can see that Tesla’s profits through GWH deployed have reached a record point for the year in the last quarter:
This comes as the festival heats up and drew Megapacks, which is obviously the market leader.
Tesla does not produce its own battery mobiles to make megapacks, and two of Tesla’s primary battery mobile suppliers, BYD and CATL, have recently released products to compete with Tesla’s megapacks.
Although the call to still exceeds the world production of Global Power Garage, Tesla would possibly have to reduce additional costs to continue expanding this segment of its activities.
Fred is editor-in-chief and senior at Electk.
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