It had 73% of the US market in 2022, and now it is down to 53%. Despite Tesla driving prices down, Powerwall 3 is not the cheapest battery pack available.

Tesla’s energy storage division peaked in the fourth quarter of 2024, a three-month period that saw 11 gigawatt-hours deployed. In all, Tesla we deployed 31.4 GWh of energy storage products in 2024.

We paid out $9.9M to Powerwall owners who supported the grid through Virtual Power Plant participation in 2024. Tesla’s first VPP launched in Australia in 2019.

Tesla has also reported higher quarterly energy production. In 2024, overall energy production was 31.4 GWh, up more than 100% from the 14.72 GWh in 2023. By quarter, these were the energy storage ...