Reported about 1 year ago
Tesla's energy storage division deployed a new record of 9.4 GWh of energy storage products in Q2 2024, surpassing its previous record. The company aims for consistent profit growth in its non-automotive business, with significant increases in energy storage deployments. Tesla's Megapack production capacity in California is expanding, with plans to start production at a new facility in Shanghai in 2025. Energy storage remains a small part of Tesla's business, but the company expects growth rates to surpass its automotive sector in 2024.
Source: YAHOO