Developing
Musk: Tesla's 2027 Megapack deliveries largely sold out, output being expanded
In short
Tesla CEO Elon Musk said on the company's earnings call that demand for its energy storage business is very strong and that Megapack units due for delivery in 2027 are largely sold out. He said Tesla is expanding production as fast as it can and expects the unit's gross margin to rise significantly.
Why it matters
The remarks, as relayed by Chinese business and tech outlets, point to strong order demand for Tesla's energy storage products. The documents give no figures, so the scale of the demand and of any margin gain is not known.
Key facts
- Elon Musk spoke on Tesla's earnings call on Wednesday, US Eastern time. [ 1 , 2 ]
- Musk said demand for the energy storage business is very strong. [ 1 , 2 , 3 ]
- Megapack storage units to be delivered in 2027 are basically sold out, he said. [ 1 , 2 , 3 ]
- Tesla is expanding production as fast as it can to meet demand, Musk said. [ 1 , 2 , 3 ]
- Musk said he expects the business's gross margin to rise significantly. [ 1 , 2 , 3 ]
Confirmed by several sources
Still unclear
- How many Megapack units or how much revenue the 2027 orders represent. The documents give no figures for orders, capacity or the expected margin.
- Whether the reports rest on independent sourcing. CLS is the original report; 36Kr credits CLS, and Jiemian says only "according to reports".