Tesla Energy Passes 500,000 Powerwall Installations Worldwide — Here's A Look At The Growth Of This Key Product
Portfolio Pulse from Chris Katje
Tesla Energy has surpassed 500,000 Powerwall installations worldwide, with a reported 3.9GWh in Q1, up 360% YoY. The company's partnerships with third-party installation companies and increased production capabilities have contributed to this growth. Tesla recently confirmed virtual power plants in Texas and Puerto Rico backed by Powerwall.
June 17, 2023 | 1:39 pm
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Tesla Energy's Powerwall installations surpass 500,000 worldwide, with 3.9GWh in Q1, up 360% YoY. The company has confirmed virtual power plants in Texas and Puerto Rico.
The growth in Powerwall installations and the confirmation of virtual power plants in Texas and Puerto Rico indicate a positive impact on Tesla's energy division. This could lead to increased revenues and further expansion of Tesla's clean energy solutions, which may positively affect the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100