Elon reveals more about Tesla Energy demand and future revenue growth

[ecarfan]

At the shareholder's meeting today, Elon revealed that Tesla has reanalyzed how many Gigawatts of battery storage the completed plant will be able to produce and he believes it could produce up to triple the amount they previously estimated, and that the mix may be more like 50/50 car batteries to storage batteries, not 70/30 as previously stated.

He also said that the revenue potential of Tesla Energy is greater than that of Tesla Motors vehicles.

 

[dennis]

He also said that the revenue potential of Tesla Energy is greater than that of Tesla Motors vehicles.

I thought he said revenue growth potential was greater because there were fewer obstacles, especially the big regulatory differences between geographies that you have with autos.

 

[Grendal]

Part 2 is up:

 

[Grendal]

Since Part 2 was moved to this thread, here is Part 1:

 

[Grendal]

The full shareholder meeting:

 

[1101011]

He also said that the revenue potential of Tesla Energy is greater than that of Tesla Motors vehicles.

Yes. Instead of a car company that makes batteries, we've got a battery company that makes cars.

Long TSLA.

 

[Aussie]

At the shareholder's meeting today, Elon revealed that Tesla has reanalyzed how many Gigawatts of battery storage the completed plant will be able to produce and he believes it could produce up to triple the amount they previously estimated, and that the mix may be more like 50/50 car batteries to storage batteries, not 70/30 as previously stated.

He also said that the revenue potential of Tesla Energy is greater than that of Tesla Motors vehicles.

Thanks for sharing this. The new Tesla Powerwall will actually not use any cells made in the Nevada factory but will use Samsung cells. And yes, the source of this information is just unconfirmed industry chatter.

 

[ecarfan]

My understanding is that the Gigafactory will produce batteries for use in cars and for use in Tesla Energy products like the Powerwall and Powerpack. I think Elon is clear about that. The point of the Gigafactory is to drive down battery costs. Buying batteries from a third party like Samsunk will not accomplish that as effectively as will Tesla producing batteries at the Gigafactory.

 

[OregonHill]

According to this article and EM tweet,
Panasonic exclusively for autos, Samsong for Tesla Energy. PowerWall assembly began "quietly" at the Gigafactory end of 2015 (Forbes)

Elon Musk confirms that Samsung’s battery cells will not be used in Tesla vehicles, Panasonic gets exclusivity [Updated]

 

[OregonHill]

My understanding is that the Gigafactory will produce batteries for use in cars and for use in Tesla Energy products like the Powerwall and Powerpack. I think Elon is clear about that. The point of the Gigafactory is to drive down battery costs. Buying batteries from a third party like Samsunk will not accomplish that as effectively as will Tesla producing batteries at the Gigafactory.

Hope to learn the entire story at the tour 7/29 but it appears for now the first PowerWall will utilize Samsung...doubt that will last

 

[ecarfan]

According to this article and EM tweet,
Panasonic exclusively for autos, Samsong for Tesla Energy. PowerWall assembly began "quietly" at the Gigafactory end of 2015 (Forbes

Note that Panasonic is a partner with Tesla in the Gigafactory project. So Panasonic will be making cells in the Gigafactory for Tesla.

 

[Aussie]

Note that Panasonic is a partner with Tesla in the Gigafactory project. So Panasonic will be making cells in the Gigafactory for Tesla.

Correct. And this is why the cells for Tesla Energy will not be coming out of the Gigafactory. The Samsung cells are better for storage anyway than the Panasonic NCAs.