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Tesla Battery Biz Booming, Mostly From Tesla Energy
While much focus has been on Tesla Model 3 production, continued scrutiny over CEO Elon Musk's tweets and personal life, and Tesla stock overall, Tesla's newfound energy presence is succeeding nicely, according to a recent article published by San Francisco Chronicle (SFC).
It's truly crazy to hear it, but Tesla Energy battery deployment has increased by a whopping 450 percent in 2018, thus far. SFC shares:
Tesla has now installed enough batteries worldwide — from Australia to Vermont — to store 1 gigawatt hour of electricity, roughly the output of one commercial nuclear reactor running for one hour. The company expects to double that amount in the next nine to 12 months.
This is not to say that times haven't been troubled for Tesla Energy. Sure, like those waiting for Tesla vehicles, homeowners have complained about delays and service. We're talking about a rather new and small company here taking on as much or more than it can initially handle and trying its best to make ends meet. This is partly due to the lack of viable competition in the space and also because battery development is difficult and scarce. Keep in mind that Tesla seems to be doing everything it can to attempt to keep up. One person that ordered nearly two years ago told SFC: