Tesla’s Q1 photo voltaic installs drop on element supply delays

April 21 (Renewables Now) – Tesla Inc’s (NASDAQ:TSLA) report for the primary quarter exhibits photo voltaic installations halved to only 48 MW, which the corporate blamed on delays in element supply, whereas power storage deployment rose 90% year-on-year.

The electrical automobile (EV) maker mentioned the broader enterprise continues to face provide chain challenges. Current COVID-19 outbreaks have affected provide chain and manufacturing facility operations, which comes on high of chip shortages. Tesla adjusted its product pricing as costs of sure uncooked supplies have ballooned in latest months.

The desk beneath incorporates particulars on photo voltaic and power storage installations.

Unaudited figures Q1 2022 This fall 2021 Q1 2021
Photo voltaic deployed (MW) 48 85 92
Storage deployed (MWh) 846 978 445

Tesla mentioned the year-on-year soar in storage deployments was primarily resulting from robust curiosity within the Powerwall – its dwelling power storage answer. Demand exceeded the corporate’s capability considerably, so the availability chain challenges have restricted progress. Manufacturing at a devoted Megapack manufacturing facility is being ramped up.

The agency additionally mentioned Photo voltaic Roof deployments proceed to extend, with out revealing particulars.

The subsequent desk incorporates particulars on Tesla’s monetary efficiency within the first quarter of 2022.

Unaudited figures in USD million Q1 2022 This fall 2021 Q1 2021
Whole income 18,756 17,719 10,389
– of which power era & storage 616 688 494
– of which automotive 16,861 15,967 9,002
Web earnings to frequent stockholders 3,318 2,321 438

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