Tesla is looking to build on its successful gamble last year to build 100 MW of energy storage in South Australia in 100 days by tripling the amount of energy capacity it deploys in 2018 compared with last year, according to a letter to shareholders. Tesla's revenues for 2017 were $11.76bn, up from $7bn the previous year, with $1.2bn coming from the combined energy storage and solar division. While the promising sector offers Elon Musk's firm a way to diversify, it has been held back by the focus on the company's other major product: the Tesla 3 electric vehicle.
Tesla is looking to build on its successful gamble last year to build 100 MW of energy storage in South Australia in 100 days by tripling the amount of energy capacity it deploys in 2018 compared with last year, according to a letter to shareholders. Tesla's revenues for 2017 were $11.76bn, up from $7bn the previous year, with $1.2bn coming from the combined energy storage and solar division. While the promising sector offers Elon Musk's firm a way to diversify, it has been held back by the focus on the company's other major product: the Model 3 electric vehicle.