Tesla delivers 25 MWh of stationary storage in Q1

Share

The ramp of Tesla's battery Gigafactory is "continuing at pace" as the company scales production to meet growing stationary and e-mobility battery demand. In its latest quarterly letter to shareholders, Tesla has announced that its Gigafactory "construction and implementation" is on track, allowing production of its lithium-ion battery cells to commence at the site by the end of this year.

While strong orders for its new look Model S electric car and "overwhelming demand" for its Model 3 featured heavily in its Q1 statement, Tesla noted that it has also continued to scale up shipments of its Powerwall and Powerpack products.

In Q1 2016, Tesla reports having shipped 2,5000 Powerwalls and almost 100 Powerpacks. It is shipping to customers in North America, Asia, Europe and Africa; it reports in its Q1 statement.

Tesla Motors reported revenues of $1.026 billion in Q1, with additional revenues of around $121 million from what it classes as "services and other" sources. Tesla Energy revenues are not provided. Tesla recorded "cash outflow" of $250 million in Q1 2015, however, with revenues of $242 million from its leasing partners, it claims to have achieved "nearly breakeven" GAAP cash flow.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.