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Tesla’s storage growth not enough to appease Wall Street

Tesla’s Q2 results have drawn ire from the Wall Street community, but while its automotive endeavors have been the main focus, it reported strong growth in its battery storage installations – a sign that it might have finally got back on track following the SolarCity debacle. In 2018, Tesla decided to use all the available 1-cell output from its Gigafactory to supply its Model 3 cars, diverting them from storage. Despite this, 2018 accounted for 1,040 MWh of storage installations, compared to 358 MWh in 2017. Tesla is aiming to deploy over 2 GWh of storage in 2019. It seems like it could well be on track to do so. Q1 was a slow start, at just 229 MWh, but…

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