Tesla Solar deployments increased 25% YoY in Q2, reaching the strongest quarterly result in over four years. This achievement is particularly noteworthy against the backdrop of global supply chain challenges across the industry in Q2 2022.
To create a fully sustainable energy ecosystem, Tesla also produces a unique set of energy products that enable homeowners, businesses, and utilities to generate, store, consume, and manage renewable energy. Homeowners can install solar panels or a solar roof to power their home using 100% renewable energy and then store that energy in Powerwall, which makes electricity available during peak energy-use periods and at night, while also providing power during grid outages.
In Q2 2022, Tesla reported that solar deployment increased 25% year-on-year to 106 MW. This is the strongest quarterly result in the last four years of the company's operation, indicating an excellent growth rate in the past quarter. Tesla continues to expand its collaboration with installers to speed up deployment. The solar installation team continues to improve installation efficiency, delivering increased volumes and increased cost-effectiveness, the company explained.
Remarkably, Tesla was able to achieve strong performance even against the backdrop of the global supply chain issues that the entire industry faced in Q2. This was largely due to the COVID-19 lockdown that took place in China at the end of March and for three weeks in April. The Russian attack on Ukraine also disrupted the supply chain, causing great damage. Tesla said that in order to grow its business, it has expanded its supplier base.
“Solar deployments increased by 25% YoY in Q2 to 106 MW, the strongest quarterly result in over four years. Although we continue to experience import delays beyond our control on certain solar components, we have expanded our supplier base to enable growth in this business. Our solar installation team continues to improve installation efficiency, enabling higher volumes and stronger economics.”
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.