Tesla Breaks Powerwall Production Record At Giga Nevada As It Aims To Ramp Up Energy Storage Deployments
Portfolio Pulse from Anan Ashraf
Tesla has set a new production record at its Nevada Gigafactory, manufacturing over 500 Powerwalls in a single shift. This milestone is part of Tesla's strategy to ramp up energy storage deployments, with the company expecting significant growth in its energy business, outpacing its automotive segment.
August 21, 2024 | 5:49 am
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Tesla's Nevada Gigafactory has achieved a new production record for Powerwalls, indicating a strong push in the energy storage market. The company expects its energy business growth to surpass its automotive segment, highlighting a strategic shift.
Tesla's record production of Powerwalls at Giga Nevada signals a strong focus on expanding its energy storage business. With a 100% YoY revenue increase in this segment and expectations of further growth, this development is likely to positively impact Tesla's stock in the short term.
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