EnergyTrend Energy Storage learned that on January 24, local time, Tesla announced its financial results for the fourth quarter and full year of 2023. According to the financial report, Tesla will achieve a total revenue of 967 in 2023US$7.3 billion, a record high, a year-on-year increase of 19%, but the growth rate showed a slowdown; Net profit was 149US$9.7 billion, an increase of 19% year-on-year.
The energy storage business performed well.
According to the financial report, in terms of energy storage business, Tesla's ** volume in 2023 will be 147GWh, up 125% year-on-year, compared to 65GWh compared to substantially large**.
Tesla expects its installed energy storage capacity to continue to grow in the coming year. "The energy storage business will grow much faster than the vehicle business. Musk said in the meeting.
Source: Screenshot of Tesla's financial report.
In 2015, Tesla entered the field of energy storage, first launching the residential energy storage product PowerWall; In 2019, Tesla launched Megapack, an energy storage product for large storage and industrial and commercial markets. Since 2022, Tesla's energy storage business has exploded in an all-round way, with an installed energy storage capacity of 65gwh。
In 2023, as the energy storage market continues to be hot, Tesla's energy storage business will grow rapidly, and it is imperative for Tesla to build an energy storage gigafactory to increase production capacity. In December 2023, the construction of Tesla's Shanghai energy storage gigafactory project was officially launched, which is Tesla's first energy storage gigafactory project outside the United States.
Tesla said that the plant will produce ultra-large commercial energy storage battery pack Megapack, with an initial plan to produce 10,000 units per year, with an energy storage capacity of nearly 40GWh, and will also be sold to the global market. It is reported that the plant will start construction in the first quarter of 2024 and officially put into operation in the fourth quarter.
From the perspective of the supply side, Tesla chose to set up the first overseas energy storage super factory project in Shanghai, China, and Tesla is interested in the leading competitive advantage of China's energy storage industry chain, further reducing costs and increasing production capacity, so as to meet the rapidly growing global energy storage market demand.
*: EnergyTrend Energy Storage.