Part 6/15:
Tesla’s energy division experienced some slowdown in Q3, but this is not necessarily negative; projected Q4 energy storage deployments are poised to more than double compared to last year, with forecasts of over 10,000 MWh deployed. Even with a modest margin contraction from 30% to approximately 27-28%, revenues could reach around $3.2 billion in Q4, contributing significantly to Tesla’s gross profit.
The Lathrop energy factory is now fully ramped, marking a pivotal milestone. The company’s focus on energy scaling underscores its long-term strategy of diversifying revenue streams beyond automotive sales.