From NextBigFuture, July 2:
Finally Tesla Megapacks and Energy is Delivering
Finally, Tesla Energy has arrived. Tesla installed 9.4 GWh of energy this is over double the 4.0 GWH last quarter.
This should be about $3.8 billion in quarterly energy revenue alone and nearly $1.0 billion in gross profits. Tesla is officially more than a car company with Tesla energy a major thing.
Tesla car deliveries were good relative to expectations at 444k. Most were expecting 410-430k.
Tesla production was lower but they reduced shifts. Having more deliveries and production will increase margins and profits.*****However, energy should keep delivering about 10 GWH per quarter with both lines at the Lathrop megapack factory producing.The second megapack factory could complete in Q4 of this year. The China megapack factory should ramp quickly. There were previously shortages of the power management chips....
....MUCH MORE
I think Mr. Wang was sleepy when he published this. Further into the post is the line:
Tesla has opened at $420 per share. Tesla getting above $426-430 would break the long downtrend.
In late premarket July 5 trade the stock is changing hands at $251.25 up $4.86 (+1.97%)
Recently on the storage business, June 26's "Morgan Stanley Analyst Adam Jonas Writes A Love Letter To Tesla (TSLA)" and the links embedded therein.
And going back to a January 2023 post:
One of the more interesting bits in the 8K filing (and slide deck) was "Energy Storage" up 152% year-over-year in Q4. Elon is successfully building an entire new business inside of Tesla.
The "successfully" was underlined in the original.
And related:
June 26 "Tesla Delivery Results Are Coming. Brace for More Bad News" (TSLA) plus more NvidiaI don't think the market cares at the moment. It's a sort of looking across the valley to see the highlands opposite sort of thing.
