Part 9/11:
Tesla’s current manufacturing and deployment capacity for energy storage—around 120 gigawatt-hours per year—is only a small fraction of what’s needed. The company’s existing projects in Texas, California, China, and Europe are promising but insufficient to meet global demands.
To truly capitalize on this opportunity and fulfill the strategic need, Tesla and other industry players must exponentially increase their production capacities over the next few years. The message is clear: the next 24 months are critical for scaling battery manufacturing, especially with the support of government incentives, such as those introduced by the Biden administration.