2021-07-27 Tesla: Shortages Slow Megapack Production

The global chip shortage and supply chain shortages slow Tesla’s production of Megapacks. They have an 80,000 order backlog but could produce only 35,000. Musk thinks there will be a demand for a million Megapacks a year due to renewables replacing fossil fuels.

Energy products revenue was more than $800 million.

Quote: << Although Tesla delivered more than 201,000 electric vehicles and more than doubled vehicle production compared to Q2 2020, Musk said the chip shortage “remains quite serious.” The company said it was delaying the launch of its electric Semi truck to 2022 because of supply chain issues, which reached the company’s energy storage business. >>


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