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Elon Musk has confirmed that Tesla currently has a Powerwall backlog of 80,000 orders, worth more than $ 500 million, but cannot scale up production to meet it due to the global shortage of fleas.
Tesla’s production has been limited by the Powerwall for a long time.
Demand has been strong in several markets, such as the United States and Australia, but production has not caught up despite significant ramp-ups.
As we recently reported, it took Tesla about five years to deploy the first 100,000 Powerwalls, and then it rolled out an additional 100,000 home batteries in the last year alone.
It shows a massive ramp-up in production and facilities, but now CEO Elon Musk says Tesla still has an 80,000 Powerwall backlog.
The CEO made the comment during his trial in Delaware yesterday as he is being sued by some Tesla shareholders over the acquisition of SolarCity, which they see as Musk using Tesla to bail out another company he controls.
Musk has to explain the logic behind the combination of the two companies, and the integration of Tesla’s Powerwall into SolarCity’s residential solar offering is one of the best examples of synergy between the two companies.
During his testimony, the CEO reportedly revealed that Tesla currently has around 80,000 Powerwalls on order, but he believes Tesla can only produce between 30,000 and 35,000 this quarter due to supply chain issues (via CNBC ):
Tesla CEO Elon Musk revealed in court on Monday that Tesla Powerwalls’ demand is around 80,000 units, but the company won’t even be able to manufacture half of them this quarter. “Best case scenario,” said Musk, Tesla will produce 30,000 to 35,000 of its home backup batteries in the current quarter. He blamed the expected shortfall on chip shortages.
To be fair, the deployment of 30,000 Powerwalls this quarter would still be quite significant since we are talking about more than 400 MWh of energy capacity.
In the last quarter, Tesla disclosed 445 MWh of deployed energy storage capacity, but that number also includes Powerpacks and Megapacks, which would account for the bulk of the capacity.
Recently, Musk also announced that Tesla was stopping the rollout of its own Powerall batteries.
Instead, Powerwalls will need to be deployed with solar power systems.
Tesla also recently announced the Powerwall 2+, which offers higher power output. The company has talked about increasing production with the new version of the Powerwall.
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