2024.Q2 IR Report – Tesla Energy Sector

  • The non-automotive business is becoming an increasingly profitable part of Tesla
  • ESS expansion and more car rental customers
  • Non-Automotive Business’ Revenue Growth Expected to Continue
  1. Energy production and storage
  • Megapack and Powerwall achieve record deployment in Q2, recording total energy storage deployment of 9.4 GWh
  • Energy Business Reaches Record Revenue And Gross Profit
    Lasrop Gigafactory Successfully Expands Production In Q2 With Production Records
  • Shanghai Gigafactory Targets To Start Production In Q1 2025
  • Although production is expected to continue to increase, timing of deployment may vary depending on several factors
  • Powerwall 3 successful launch, available in Canada, UK, Germany, outside of US
  1. Services and Others
  • The sequential revenue growth in the services and other business segments was primarily driven by higher gross profit generation from improved service center margins and collision repairs
  • Supercharger Network Continues Expansion, Set To Be Largest Deployment In North America This Year
  • Focus on capital efficiency, congestion relief, and coverage improvement
  • Network To Open To Vitesla EVs, Plans More OEM Onboarding In North America By End Of This Year
  • Network utilization is expected to continue to grow throughout the year, which will drive revenue growth and profit generation
tslaaftermarket

Share
Published by
tslaaftermarket

Recent Posts

Netherlands defends official approval of Tesla FSD

26/6/17 #Tesla/SpaceX Key Trends News Briefing Netherlands defends official approval of Tesla FSDThe Dutch transport…

1주 ago

BOJ plans to raise 25bp and end tapering

[BOJ plans to raise 25bp and end tapering] Bank of Japan (BoJ) raises short-term policy…

1주 ago

U.S. stocks rise on supply and demand factors from options deal in U.S.-Iran deal settlement

06/15 U.S. stocks rise on supply and demand factors from options deal in U.S.-Iran deal…

1주 ago

U.S. stocks rallied sharply on news that Israel and Iran would not attack each other, but

U.S. stocks rallied sharply on news that Israel and Iran would not attack each other,…

2주 ago

Cybertruck Dual-Motor AWD Launches For $59,990

26/6/12 #TeslaNews Summary Tesla FSD Approves Belgium Official… Europe's fifth countryTesla's fully self-driving feature, Supervised…

2주 ago

Tesla FSD Approves Belgium Official…

26/6/12 #TeslaNews Summary Tesla FSD Approves Belgium Official… Europe's fifth countryTesla's fully self-driving feature, Supervised…

2주 ago