Tesla Inc (NASDAQ:TSLA) saw its energy storage deployments in the second quarter treble year-on-year to 1,274 MWh, while solar installations remained close to the levels of the previous two quarterly periods.
In its financial report released on Monday, the company noted that energy storage deployments can vary significantly, depending on the timing of project milestones. The rise in the second quarter of 2021 was mainly due to the recognition of several Megapack projects. Tesla said deployments of the Powerwall also nearly doubled.
The table contains details on solar and storage installations.
Solar deployed (in MW)
Storage deployed (in MWh)
Solar Roof deployments were up “substantially” in quarter-on-quarter and year-on-year terms, Tesla said, without providing specific numbers. Energy storage production in the quarter continued to face supply chain challenges.
The table below contains details on Tesla’s financial performance in the period.
Results in USD million
-- of which energy generation and storage
Net GAAP profit
Tesla produced and delivered more than 200,000 vehicles in the quarter.