Tesla Energy Generation And Storage Business: Q2 2021 Results07/27/2021
Both solar and energy storage deployment tripled year-over-year.
Tesla Energy business significantly accelerated in the second quarter of this year, as both the solar and battery energy storage sales tripled.
In Q2, Tesla Energy revenues amounted to $801 million (6.7% of the total revenues), while the cost of revenues stands at $781 million.
A small profit, after two negative quarters, is a positive sign. The company explains that the demand for its products remains strong, but the production output is constrained.
Tesla energy storage deployed – Q2 2021
Total battery energy storage (Powerwall, Powerpack and Megapacks) deliveries increased to the second best result ever:
- 1,274 MWh (up 204% year-over-year)
Tesla solar deployed – Q2 2021
Total solar installations (conventional panels and Solar Roof) deliveries were stable in the past three quarters, while year-over-year they more than tripled:
- 85 MW (up 215% year-over-year)
Tesla said that the Solar Roof installations grew substantially in Q2, but we don’t know its share out of the total solar installations.
“Solar Roof deployments grew substantially both YoY as well as sequentially in Q2. Thus far, our solar + storage product remains very popular, and we continue to improve efficiency of our install crews.”
Solar Roof is produced at the Gigafactory 2 in New York.
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