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Stockreport

Tesla's Energy Storage Business Set To Come Into Its Own [Seeking Alpha]

Tesla, Inc (TSLA)  More Company Research Source: Seeking Alpha
Last tesla, inc earnings: 10/25 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
PDF Summary The Q3 results provided welcome news on the progress Tesla ( TSLA ) has made in ramping up Model 3 production. This leaves the way open for management to put more stress once more on the energy storage business. As my article in August detailed, there is a good deal of activity and future potential for Tesla in energy storage. This has recently been going somewhat under the radar. Much of the expected surge in business may come in the form of virtual power plants. These use widespread clusters of residential batteries. Large-scale utility projects will continue to contribute significant volume as well. Q3 and Energy Storage The progress made in Q3 can be seen in the official filing here. Despite the focus on meeting auto targets to satisfy analysts and the market, much was achieved. That is illustrated in graph form below: The original forecast was for the company to triple deployment of energy storage in 2018. The company is well on its [Read more]

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