Tesla Vitality posts file 9.4 GWh of battery storage deployed in Q2 2024

Tesla Vitality is not a sleeping big. Throughout the second quarter of 2024, Tesla Vitality was in a position to deploy 9.4 GWh of vitality storage merchandise. This represents the very best quarter deployment of vitality storage merchandise in Tesla’s historical past up to now. 

Tesla Vitality was already a standout within the firm’s Q1 2024 Replace Letter. Within the doc, Tesla highlighted that Q1’s vitality deployments had been a brand new file at 4.1 GWh. As may very well be seen in Tesla’s Q2 2024 manufacturing and supply report, Q1’s already spectacular 4.1 GWh of vitality storage deployments grew an astounding 132% quarter-over-quarter and 157% year-over-year. 

$TSLA
BREAKING: Tesla distributed 9.4 GWh of vitality storage within the second quarter of 2024.

That is the very best ever. It is an extremely excessive file.

Declare it a full vitality firm. pic.twitter.com/tHDj8b8tcP

— Tsla Chan (@Tslachan) July 2, 2024

Business watchers have noticed that Tesla Vitality’s battery storage deployments in Q1 and Q2 are already at 13.5 GWh, with two quarters remaining within the yr. That is near the corporate’s total vitality storage deployments in 2023. For context, Tesla Vitality deployed a complete of 14.724 GWh in FY 2023, comprised of three.889 GWh in Q1, 3.653 GWh in Q2, 3.980 GWh in Q3, and three.202 GWh in This autumn 2023. 

Tesla Vitality’s spectacular beneficial properties this Q2 2024 are seemingly because of the ongoing ramp of the Megapack on the Lathrop Megafactory. Contemplating that the Lathrop Megafactory has a capability of 40 GWh per yr, the corporate’s Q2 2023 vitality storage deployment outcomes counsel that the ability is nearing its operational capability. This doesn’t imply to say that Tesla’s Vitality storage deployments will plateau from this level ahead, after all, as the corporate can be exhausting at work developing its Shanghai Megafactory. 

Tesla deployed 9.4 GWh of vitality storage merchandise in Q2.

Highest quarterly file at +132% QoQ. Yr-to-date deployment practically surpasses final yr’s deployment in simply two quarters. pic.twitter.com/D2dW7zV6bk

— Roland Pircher (@piloly) July 2, 2024

Tesla’s Shanghai Megafactory is anticipated to have a capability of 40 GWh per yr. Contemplating that the ability is being constructed based on the electrical automobile maker’s specs, nonetheless, it might not be stunning if the China-based Megapack plant’s output exceeds 40 GWh per yr in the long run. Tesla China formally began the development of the Shanghai Megafactory in late Could, and expectations are excessive that the ability might begin producing Megapack batteries beginning Q1 2025. 

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Tesla Vitality posts file 9.4 GWh of battery storage deployed in Q2 2024