EV-a2zEV-a2z
Notification Show More
Aa
  • News
    • EV Type
      • BEV
      • HEV
      • PHEV
      • FCEV
    • System
      • EV
      • Battery
      • Charging Infra
    • Veh. Type
      • Bike
      • 3 Wheeler
      • Car
      • Bus
      • Truck
      • Aircraft
    • Country
      • United States
      • United Kingdom
      • Australia
      • India
      • China
      • Germany
      • Japan
      • Canada
    • Company
      • Tesla
      • BYD
      • General Motors
      • Ford
      • Toyota
      • Volkswagen
      • Hyundai
      • Stellantis
    • Energy
      • Solar Energy
      • Wind Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Search
© EV-a2z. All Rights Reserved.
Reading: Tesla delivers a record-breaking number of batteries in Q3 2022
Share
Aa
EV-a2zEV-a2z
Search
  • News
    • EV Type
    • System
    • Veh. Type
    • Country
    • Company
    • Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Follow US
EV-a2z > News > Tesla delivers a record-breaking number of batteries in Q3 2022
News

Tesla delivers a record-breaking number of batteries in Q3 2022

EV-a2zm
Last updated: 2022/10/22 at 7:05 PM
EV-a2zm Published October 21, 2022 3 Min Read
Share
3 Min Read
TESLA
TESLA
SHARE

Tesla revealed on its Q3 2022 earnings report that a record number of batteries were delivered by its energy storage division in the third quarter of 2022, as per Electrek.

Contents
Growth in Tesla Battery businessTesla’s Q3 2022 earnings report

Tesla installed 2.1 GWh of battery storage in Q3. That's more than the average quarterly installations of any individual country in 2021. pic.twitter.com/ZkcI4QPfDu

— Tom Randall (@tsrandall) October 19, 2022

Growth in Tesla Battery business

Tesla earlier announced that its battery storage business which includes the utility-scale Megapack and the household-scale Powerwall, increased by 62% from roughly 1.29 GWh in Q3 2021 to 2.1 GWh in Q3 2022.

https://twitter.com/broadscaler/status/1582841031145709568

“The third quarter of 2022 was another strong quarter with record revenue, operating profit and free cash flow,” Tesla stated. 

Tesla’s Q3 2022 earnings report

InsideEVs provided the main details in Tesla’s Q3 2022 earnings report, and these are as follows:

  •  $ 21.5 billion in revenue
  •  $ 1.05 profit per share (Non-GAAP)

Going back, Tesla Energy installs solar panels, solar roofs, and stationary energy storage devices, including Megapacks and Powerwall.

Tesla provided the following information regarding the new record in its shareholders’ letter:

“Energy storage deployments increased by 62% YoY in Q3 to 2.1 GWh, by far the highest level we have ever achieved. This level of growth was accomplished despite semiconductor challenges continuing to have a greater impact on our Energy business than out Automotive business. Demand for our storage products remains in excess of our ability to supply. We are in the process of ramping production at our dedicated 40 GWh Megapack factory in Lathrop, California to address the growing demand.”

In hindsight, Tesla has raised the weekly production of Powerwall to 6,500 units. Remarkably, it equates to 87 MWh each week. 

⚡Tesla Powerwall is life saving technology. #TeslaEnergy pic.twitter.com/QbPJ9ZwAVG

— Tesla Hype (@TeslaHype) July 31, 2022

Meanwhile, Megapacks contribute significantly more with fewer units because each one has an energy capacity of more than 3 MWh.

Tesla Megapack in the real world pic.twitter.com/P9LlC4sl25

— Whole Mars Catalog (@WholeMarsBlog) May 1, 2022

It is worth noting that Tesla used to only produce Megapacks at the Gigafactory in Nevada. However, it now expanded the production to Megafactory in California as it scales up output.

On the other hand, Tesla installed 94 MW of solar energy in the third quarter. It has increased by 13% from last year, but it was still down compared to the previous quarter.

CEO Musk stated that a considerable amount of battery storage would be needed to aid the delivery of 24/7 electricity during the transition to wind and solar.

“We actually see the energy storage business growing more like – 150 to 200 percent a year – faster than cars, faster by a lot,” Musk told an online briefing following the announcement of Tesla’s Q3 results.

Tesla has dominated the automotive sector with its innovative electric vehicle offerings. As demonstrated by these most recent results, it has also expanded its business to include battery storage, which has proven successful.

You Might Also Like

Hyundai reveals battery suppliers of its EV models amid fire concerns

Uber boss casts doubt on Tesla’s Robotaxi vision

Tesla secures direct sales license in Kentucky

CATL launches showroom of EV models powered by its batteries in China

Tesla Semi to hit European roads

TAGGED: Battery, Electric Vehicle, EV, Megapack, Powerwall, Tesla
EV-a2zm October 22, 2022 October 22, 2022
Share This Article
Facebook Twitter Flipboard Whatsapp Whatsapp LinkedIn Reddit Email Copy Link

Follow US

Find US on Social Medias
Facebook Linkedin Twitter

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Popular News
BMW iX all-electric SUV car showcased
News

BMW Group more than doubled sales of all-electric vehicles in Q4 and 2022

EV-a2zm By EV-a2zm January 21, 2023
The world’s car buyers ready for EVs, Americans rank low in survey
Lucid upgrades its longest-range Air GT with faster Charging Tech
Startup Arc Motor Company electrifies classic cars with scrapped Tesla batteries
EV Market Share increased in Europe
- Advertisement -
Ad imageAd image

Tags

Australia (197) Autonomous Driving (110) Battery (805) BEV (71) BMW (105) BYD (319) Canada (74) CATL (84) Charging Infrastructures (360) China (749) Electric Truck (72) Electric Vehicle (4971) Elon Musk (324) Europe (466) EV (5090) EV Sales (169) Ford (180) Full Self-Driving (94) General Motors (118) Germany (134) Gigafactory (90) Honda (74) Hyundai (156) India (268) Japan (82) Kia (92) Lithium (74) Lithium-ion Battery (79) Mercedes Benz (83) NIO (101) Nissan (77) Renewable Energy (91) Rivian (76) Solar Power (99) Stellantis (117) Tesla (1564) Tesla Cybertruck (101) Tesla Model 3 (151) Tesla Model Y (178) Tesla Superchargers (90) Toyota (154) UK (150) USA (1518) Volkswagen (183) Volvo (76)

About Us

Your definitive guide to the electric vehicle and renewable energy transition, offering insights, news, and analysis on EVs and green energy trends.

Top Menu

  • News
  • Reviews
  • Listicle
  • EV Sales
  • FAQ

Resource

  • Policy/Standard/Regulation
  • Glossary
  • Books
  • Expo
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

EV-a2zEV-a2z
© EV-a2z. All Rights Reserved.
  • About EV-a2z
  • Terms
  • Privacy
  • Cookie Policy
  • Contact
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Newsletter Tesla red
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?