Former manager at Tesla Inc
- Trends and developments in the battery generation and storage industry, focusing on Tesla (NASDAQ: TSLA)
- Demand for Tesla’s battery generation and storage products, emphasising the effects of the Inflation Reduction Act and highlighting relationships with C&I (commercial and industrial) customers
- Growth and profitability of the segment amid increased competition and supply disruptions
- Medium-to-long-term outlook
Could you share your up-to-date perspective on the battery generation and storage industry, perhaps highlighting 2-3 key trends or developments you’ve been following?
Do you have a sense of the timeline or roadmap in the US for national charging infrastructure development?
At what pace do you think the battery generation and storage market has been growing? What are your growth expectations for Q4 2022, 2023 and over the next 3-5 years?
How do you expect Tesla’s battery storage segment to pace compared to the broader categories or buckets you outlined?
Tesla CEO Elon Musk predicted at one point that the battery storage segment of the business would be roughly the same size or even bigger than the car business. I think it was just over about 4% of total sales in H1 2022 compared to 9% in 2017, which is either showing the growth of the automotive segment or perhaps the lack of focus on the battery storage segment. Given that focus on the automotive segment and Musk’s previous comments on it, what do you expect are the aspirations for the battery storage segment of the business? How important do you think it will be for Tesla?
You outlined the ecosystem Tesla potentially has. Do you think that that will ever catch on to a bigger level, like having an Apple ecosystem? Do you think that’s a potential future for the battery storage and generation side of the business?
Could you outline the competitive landscape in the battery generation and storage segment and where Tesla falls into the stack?
It sounds as if the house-selling situation is more directly with Tesla, but in terms of everyday service and perhaps other things, is Tesla using the channel partners for those aspects of the service? You mentioned that Panasonic, LG and Enphase are perhaps using the same large channel partners. Is there a reason for such a discrepancy in the service afterward?
Could you expand on some of the demand dynamics you’re seeing for battery generation and storage products?
You’ve outlined clear demand coming from the US or clear reasons for demand. Are you seeing it elsewhere? Are you seeing it in the UK and Europe? Is there demand for the products in international markets?
What are your views on Tesla’s battery generation and storage product portfolio? Could you outline the main product lines and your outlook on their performance?
It seems there’s a relationship, at least maybe with the C&I [commercial and industrial] customers, that if you get into Tesla’s trucking – and maybe it’s even selling it without that – but once you buy the trucks or the vehicles, you’re also going to buy a Megapack. Is that a fair assumption? Is that what we’re seeing in the Powerwall as well?
Do you have a sense of the number of customers that would buy a Tesla and convert and also get the Powerwall, and perhaps on the C&I side as well?
You mentioned the chip issue might be getting a little worse, which might be a benefit for Tesla to an extent, but could you outline some of the key bottlenecks in the company’s supply chain for the battery generation and storage business and how it might relate to the battery and battery material space?
How should we think about the potential growth and profitability profile of Tesla’s battery generation and storage segment over the next few years?
What do you think are the best- and worst-case scenarios for Tesla over the next 12-18 months?
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