deployed 4,053MWh of storage in Q1 2024
Tesla doesn’t offer a breakdown of those figures by product (Megapack vs Powerwall)
Musk said it was the Megapack large-scale battery energy storage system (BESS) solution that enabled increased profitability for its energy business line
4% year-on-year increase from 3,889MWh deployed in Q1 2023
gross profit for the segment was up 140% year-on-year (solar & storage)
Solar PV deployments slumped to just 40MW in the previous quarter, and figures weren’t even provided for solar in the latest shareholder deck for Q1
Energy generation and storage revenue for Q1 was just over US$1.6 billion, a 7% increase from US$1.5 billion in Q1 2023
dedicated Megapack factory in Lathrop, California as of the start of this year its annual production capacity had reached 20GWh, and by the end of this year expects to ramp that too, to 40GWh