Tesla Inc TSLA celebrated its one-millionth Powerwall produced this week.
The milestone comes as Tesla’s Power phase has proven excessive year-over-year development and may very well be one of many electrical car firm’s underappreciated and undervalued segments.
What Occurred: Tesla launched the Powerwall round 10 years in the past, and it has performed a essential function in creating digital energy crops, giving customers backup vitality choices, and serving to spur photo voltaic roof development.
This week, Tesla acknowledged the manufacturing of its one-millionth Powerwall as the corporate continues to ramp up manufacturing of the newer Powerwall 3 model of the favored vitality gadget.
“Congratulations Tesla Nevada group on constructing our 1,000,000th Powerwall powering American houses, boosting vitality independence, and strengthening U.S. manufacturing,” Tesla Power tweeted.
In June 2023, Tesla put in its 500,000th Powerwall.
The corporate mentioned final yr it met milestones of 1,000 Powerwalls produced in a day and that it was on tempo to provide 700,000 per yr.
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Why It is Necessary: The Tesla Power phase had income of $2.73 billion within the first quarter, up 67% year-over-year.
The expansion comes as Powerewall manufacturing and demand have picked up.
Tesla has additionally reported increased quarterly vitality manufacturing. In 2024, total vitality manufacturing was 31.4 GWh, up greater than 100% from the 14.72 GWh in 2023.
By quarter, these had been the vitality storage deployed for Tesla in 2024 and the primary quarter of 2025:
Q1 2024:1.1 GWh Q2 2024: 9.4 GWh Q 2024: 6.9 GWh This fall 2024:
The latest first quarter noticed vitality storage deployed up 154% year-over-year.
Whereas Tesla is finest identified for its electrical autos, that phase has come underneath stress with supply declines and decrease demand for some fashions.
Tesla’s Power division has proven constant development and has excessive margins, which might assist offset car weak spot and be among the many key catalysts to energy Tesla into the following section of development.
TSLA Value Motion: Tesla inventory was up 0.5% to $344.27 on Tuesday, in comparison with a 52-week buying and selling vary of $167.42 to $488.54. Nevertheless, it’s down 7.9% year-to-date in 2025.
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