Tesla sets up 1.3 GWh of power storage space in Q3

Oct 22, 2021 01:30 PM ET
  • Tesla Inc (NASDAQ: TSLA) previously today reported almost 1.3 GWh of power storage space systems released in the third quarter of 2021, up by 71% year-on-year and also somewhat over the prior quarter's total amount.
Tesla sets up 1.3 GWh of power storage space in Q3
Image: Genex Power

The firm recently started building and construction of a brand-new factory in California with a capacity to create 40 GWh of the Megapack big energy storage space product.

Solar implementations in Q3 were steady at 83 MW. Cash money and also finance acquisitions accounted for nearly all setups.

Energy division Q3 2021 Q2 2021 Q3 2020
Solar deployments (MW) 83 85 57
Energy storage deployments (MWh) 1,295 1,274 759

Tesla kept in mind that Solar Roof covering releases have greater than doubled year-on-year, without disclosing ability figures.

"We are making more expense enhancements, specifically on the installation side, in order to enhance the profitability of our power department," the firm claimed.

The table below consists of details on Tesla's financial efficiency in the period.

All in USD million, unaudited Q3 2021 Q2 2021 Q3 2020
Total revenues 13,757 11,958 8,771
-- of which energy generation and storage revenues 806 801 579
Net income to common stockholders 1,618 1,142 331

Tesla stated it accomplished its best-ever net income, operating revenue as well as gross profit in the third quarter. The operating margin was 14.6%, exceeding the firm's medium-term guidance.