Mentioned:
Tesla is the undisputed leader in electric vehicles. Are batteries and energy storage their next frontier?
What’s happening:
- Tesla (NASDAQ: TSLA) has announced a new all time record for energy storage deployment from the installation of their Powerwall and Megapack batteries
By the numbers:
- In their most recent quarter, Tesla expanded their energy storage deployment to 11.0 gigawatt hours
- This represents a significant increase from 6.9 gigawatt hours of energy storage being deployed in their previous quarter
- Megapack batteries for commercial purposes are now available and operating in more than 60 countries globally
Why it matters:
- Tesla has quietly been expanding their residential and commercial battery business, which has started to become a major new source of revenue amidst the global adoption of renewable energy
Going deeper:
- Tesla has also been making waves with new product launches lately, including previously unveiling their humanoid robot Optimus as well as showcasing new prototypes of revolutionary fully autonomous vehicles
