About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Tuesday, November 2, 2021

Even More Momentum for Tesla

For the third quarter, Tesla reported a 57% year-on-year rise in revenues to 13.8 billion US dollars on the back of a 73% rise in vehicle deliveries.  The company's ancillary businesses also grew strongly with solar deployments up 46% to 83 MW, as solar roof deployments more than doubled year-on-year. Energy storage deployments increased by 71% amid strong demand for the Megapack. The Megapack is a large-scale rechargeable lithium-ion battery stationary energy storage product. Tesla recently announced a new Megapack factory with a capacity of 40 GWh, which compares to total Megapack deployments of 3 GWh in the past 12 months.

Telsa also highlighted the rollout of its “Safety Score” functionality, which will "also be used for our telematics insurance product. We actively monitor braking, turning, tailgating (unsafe following), forward collision warnings and forced autopilot disengagements in order to predict the probability of a collision," the company added. "We also launched our telematics insurance product in our first state – Texas – in early October. We believe our insurance premiums will be able to more accurately reflect chances of a collision than any other insurance product on the market. Additionally, we will proactively communicate to the user what driving adjustments need to be made to decrease probability of a collision." Source: Tesla statement

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