Tesla Expects Over 25 GWh in Energy Deployments, Driven by 75%+ Growth
In its recent Q1 earnings call, Tesla revealed its ambitious plans for its energy division, projecting a remarkable 75%+ growth in energy deployments for the year 2024. This would translate to over 25 GWh in total energy deployments, a substantial increase from the company’s current performance.
Delivering on the Targets
Tesla reported 4 GWh in energy deployments for Q1, leaving 21 GWh to be delivered in the remaining three quarters of the year. This would require an average of 7 GWh per quarter, or the production and delivery of approximately 1,800 Megapacks per quarter, equating to an average of 20 Megapacks per day.
Ramping Up Production
To meet this target, Tesla would need to produce around 330 Megapacks, which would account for approximately 16-17 days of production. This highlights the company’s commitment to scaling its energy storage solutions and meeting the growing demand for renewable energy storage.
### Driving Sustainable Energy Transition
Tesla’s energy division has been a crucial component of the company’s mission to accelerate the world’s transition to sustainable energy. The projected growth in energy deployments underscores the company’s dedication to this goal and its ability to deliver innovative energy storage solutions to the market.
On the Q1 earnings call Tesla said that they expect to see 75%+ growth in Energy deployments this year – so that would give them over 25 GWh in 2024.
They did 4 GWh in Q1 – leaving 21 GWh for the remainder of the year or an average of 7 GWh per quarter for Q2, Q3 & Q4 (it will…
— Cern Basher (@CernBasher) April 27, 2024
