The introduction of Tesla’s Megapack show’s Tesla’s commitment to improving their battery storage products, but also has a practical application in a growing market.
The Powerwall should continue to see very high demand as a home battery unit and Tesla should be able to maintain its backlog.
Battery production will be quite strained and availability will be limited by EV production, causing Tesla’s battery storage business to peak at $1.958 billion per year in gross profit.
When people think of Tesla’s (NASDAQ:TSLA) battery technology, they think of the tech used in their electric vehicles (“EVs”). However, this is just a part of where Tesla puts their battery tech to