← Back to timeline
TSLAEarnings2025-01-29
Musk discusses demand for grid batteries and Tesla's factory capacity for making them.
Loading moment…
Elon Musk · Tesla · Tesla Q4 and full year 2024 Financial Results and Q&A Webcast
“this will drive the demand of stationary uh battery packs and and especially the grid scale ones to in insane basically as much demand as we could possibly make um so um we have our second Factory which is in in Shanghai that's starting operation and we're building a third Factory so we're trying to ramp output of the stationary battery storage as quickly as possible”
Key terms
- stationary battery packs
- — Batteries installed in a fixed place, such as at a home or power station, rather than in a vehicle.
- grid scale
- — Equipment large enough to serve the public electricity network rather than a single building.
Educational summary of a public statement. Not investment advice.