Tesla Has Already Received $800 Million Worth of Battery Orders


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Dec 30, 2010
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It looks like Tesla's new Powerwall battery storage for homes option is already off to a phenomenal start. According to released figures from Tesla, they already received 38,000 total reservations for Powerwall and 2,500 reservations for Powerpack (the Powerpack is the commercial version of the Powerwall). For folks who are good at math (or decide to crack out the calculator), that amounts to $179 million worth of Powerwall reservations and $625 million worth of Powerpack reservations (based upon their retail price). Mashing those two numbers together yields a tad over $800 Million in sales.

Anytime a company drops a new product on the market that quickly amasses nearly a billion dollars in sales, you can't help but be optimistic. Here's a quote with a few more details,

Powerpack units are bigger revenue generators for Tesla since they’re being sold to businesses and utilities for power storage and cost those entities $250 per kilowatt hour to use. The Powerwall units, meanwhile, are being targeted more toward consumers and are being sold for between $3,000 and $3,500 for the 7kWh and 10kWh models, respectively.

These energy storage batteries are part of Tesla’s plan to expand its business into areas besides electric cars, as it has ambitions to change the way we consume and store energy in our houses. ~ BGR

Tesla has also shared that the Powerwall is sold out until mid-2016 based upon the massive demand. Here at TeslaEnergyForum we aren't really surprised. It will be amazing to see how quickly things start to change in the world of energy over the next few years. Stay tuned for more news on Tesla's latest technology movements.

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