Tesla Earning Call: Energy Skyrocketing
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Tesla Energy had a record quarter. This was reflected in both the GigaWatts installed along with revenue recognized. This does not include the deferred revenues due to the Megapacks which requires certain metrics met before the revenues is booked.
In this video I discuss how the projection is 75% growth this year, putting it over 25 GW for 2024. This is something the company knows since it knows not only what Megapacks will be sold but also who they will deliver them to. These are ordered by utilities, hence the sales/production cycle is similar to Boeing.
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