Tesla Energy posts record 9.4 GWh battery storage deployed in Q2 2024
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ During the second quarter of 2024, Tesla Energy was able to deploy 9.4 GWh of energy storage products. This represents the highest quarter deployment of energy storage products in Tesla’s history to date.
Tesla Energy was already a standout in the company’s Q1 2024 Update Letter. In the document, Tesla highlighted that Q1’s energy deployments were a new record at 4.1 GWh. As could be seen in Tesla’s Q2 2024 production and delivery report, Q1’s already impressive 4.1 GWh of energy storage deployments grew an astounding 132% quarter-over-quarter and 157% year-over-year.
Tesla Energy was already a standout in the company’s Q1 2024 Update Letter. In the document, Tesla highlighted that Q1’s energy deployments were a new record at 4.1 GWh. As could be seen in Tesla’s Q2 2024 production and delivery report, Q1’s already impressive 4.1 GWh of energy storage deployments grew an astounding 132% quarter-over-quarter and 157% year-over-year.
My Take: Analysts and Wall Street can no longer ignore Tesla Energy's impressive growth. They have to factor it into their ratings and target prices forecast on Tesla. Guggenheim, CCORF and Wedbush have upgraded the target price of Tesla yesterday.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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10baggerbamm : virtually every analyst that I have reviewed and read they don't even factor in the storage as part of the evaluation of Tesla
ZnWC OP 10baggerbamm : Either you are looking at the wrong place or your reading lists are outdated. You can Google search Wedbush and Morgan Stanley. Here is another one:
Canaccord increased Tesla PT to $254 reiterated BUY rating
https://www.moomoo.com/community/feed/112718498693526?share_code=0176pP