RenewEconomy/Giles Parkinson: Tesla says Powerwall 2 production lifted to address back-log: 9

RenewEconomy
Tesla says Powerwall 2 production lifted to address back-log
Giles Parkinson 25 October 2018 3 Comments
share

Tesla says it is increasing production of its Powerwall 2 residential battery storage product, as it locks in higher deliveries of its Model 3 electric vehicle and seeks to address the backlog on the household battery.

Powerwall 2 customers – in Australia, and elsewhere – have experienced significant delays due to Tesla’s decision to focus on the Model 3 EV, which has been crucial to stop the cash-drain and deliver sustainable profits for the company.

That looks like it is being achieved, with Model 3 delivering record numbers of vehicles in the third quarter, the highest sales by value of any car in the US, and helping the company defy predictions and return a profit per share for the quarter.

Tesla said in its earnings statement that it has increased Powerwall 2 production “so that we can continue to work through our order backlog.” Tesla also recently released a significant price increase for the battery – from around $A12,000 to $A14,000 – as a result of an upgrade to its software, such as its “storm watch” that automatically recharges in case of storm forecast, and other issues.

Tesla says its energy storage deployments – which include big batteries like the one in South Australia – grew to 239MWh, more than double the same quarter last year. It expects total installation in 2018 to be triple that of calendar 2017.

Tesla is nearly finished the installation and testing of another battery storage facility in Australia, the 25MW/50MWh battery at the Gannawarra solar farm in Victoria, and is also working on a 25MW/52MWh battery at the Lake Bonney wind farm in South Australia and a smaller 4MWh battery at the Kennedy wind-solar-storage project in Queensland.

Tesla also said it deployed 93MW of solar energy generation systems in the quarter, a rise of 11 per cent over the 2nd quarter and a 46 per cent jump from the same quarter last year.

It’s still working on the solar roof, the integrated roof tiles that Musk confidently predicts will be cheaper than a normal roof, and provide electricity to boot.

“Due to the complexity of Solar Roof, we continue to iterate on the design of the product via intensive reliability testing, and we also continue to refine the installation process,” Tesla said. “Accordingly, we expect to ramp production more quickly during the first half of 2019.”

Tesla says it is now channeling its orders for solar and storage through its own website and stores rather than through third-party channels.

“This has helped us to significantly lower our customer acquisition costs,” it says. And it expects its EV customers to form the rump of its solar and storage business.

“At the end of Q3, there were almost 450,000 Tesla vehicle owners around the world. Ultimately, we believe this group will become the largest demand generator for our residential solar and Powerwall business.”
Print Friendly, PDF & Email
More : Powerwall 2, Tesla

Previous post

Musk hails breakthrough quarter as Tesla redefines future of transport
Next post

SA-Best calls for wind farm ban, as it seeks to rekindle health concerns

    Solar Insiders Podcast: Lassoing solar cowboys in Victoria
    by Giles Parkinson and Nigel Morris on 24 October 2018 at 11:28 PM

    Coca-Cola taps solar in Australia, with 3.5MW roll-out across three states
    by Sophie Vorrath on 24 October 2018 at 8:50 PM

    Remote WA nickel mine to add 7MW solar plant, slash diesel use
    by Sophie Vorrath on 24 October 2018 at 1:27 AM

    Model Y coming in 2020, but Musk most excited by Tesla ute
    by Bridie Schmidt on 25 October 2018 at 3:45 AM

    Model 3 smashes records, targets Europe and China, not far from “cheap” version
    by Bridie Schmidt on 25 October 2018 at 2:10 AM

    Chargefox unveils Australia’s first ultra-rapid EV charger – powered by solar and battery
    by Sophie Vorrath on 25 October 2018 at 2:02 AM


We Recommend
Renewable hydrogen to be trialled in Sydney gas...Renewables,Research Groups, Institutes and Universities,Storage,Utilities
Electric vehicles account for 50% of all car...Electric Vehicles,Governments
Coalition digs deeper into coal and climate denialCleanTech Bites,Climate,Coal
Government extends term of the ACCC ChairPress Releases
Victoria’s largest solar farm goes ahead after...Smart Energy,Solar
Bioenergy carbon capture: climate snake oil or...Climate,Other Good Stuff
Recommendations powered by plista

Subscribe to the free daily newsletter

Live Australia Electricity Generation Data

Trending
post-image
The anti-wind and anti-solar garbage fit to print in Murdoch media
post-image
Musk hails breakthrough quarter as Tesla redefines future of transport
post-image
GreenSync opens exchange to harness rooftop solar and storage
post-image
SA-Best calls for wind farm ban, as it seeks to rekindle health concerns
post-image
Australian business urged to join global embrace of 100% renewables
Upcoming Events

RE Jobs Board

    About RenewEconomy
    Contact Us
    Merchandise
    Jobs Board

    Donate
    Glossary
    Advertise
    Press Releases
    Governments & Companies

Subscribe to the free daily newsletter

@ Copyright RenewEconomy 2018. All rights reserved.