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During the second quarter earnings call, Tesla CEO Elon Musk said the Megapack was sold out until the end of next year.
“We have a significant unmet demand for stationary storage. Megapack is pretty much sold out until the end of next year, I believe, ”said Elon Musk, responding to a question from New Street Research analyst Pierre Ferragu. He also said Tesla had a huge backlog in applying for Powerwall.
A few weeks before the call for results, Tesla updated the Megapack order page with new details and pricing. The new order page reveals that the Megapack has a starting price of around $ 1.2 million per unit. The price varies by state or US territory. Potential Tesla customers can order up to 1,000 mega-packs, which would cost around $ 850 million or $ 278 / kWh.
Ferragu also asked about Tesla’s sourcing strategy for the 4680 cells. He questioned whether Tesla would ask other battery makers to produce the 4680 cells with their own technology.
Musk said Tesla expects a significant increase in supply from its existing suppliers. Earlier in the call, he explained that Tesla has contracts with battery suppliers to nearly double their supply of cells for Tesla in 2022. Tesla plans to exceed cell supply estimates for vehicles and to route excess batteries to Megapack and Powerwall production.
“But in terms of demand, I think there is probably a demand for over a million Powerwalls per year. And in fact, just large amounts of Megapack for utilities, ”Musk shared.
“Like all transitions to sustainable energy production, solar and wind are intermittent and by nature really need batteries to provide a constant flow of electricity. And when you look at all the utilities in the world, a lot of batteries are needed. That’s why, in the long run, we really think Tesla and its combined suppliers need to produce at least 1,000 gigawatt hours per year, and maybe 2,000 gigawatt hours per year, ”he said.
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