The powerwalls are certainly designed to take over that function when you are off grid and I have seen no issues during my extended off grid testing. My system was installed on 6/22 and 6/23 and since then, according to the app, I have spent just under 1000 hours off grid, with my longest off grid period being more than 228 hours.
Interestingly it would appear that the powerwall firmware upgrade doesn’t happen when the system is off grid (which probably makes sense). I saw mention of a 1.48.0 firmware a few weeks ago, but my powerwalls have stayed on 1.47.0 since the day they were installed. I figure they’ll probably upgrade eventually (probably after PTO) when I go back on grid for a while.
I don't think they are pushing 1.48.0 in the US yet. If you read the release notes it is mostly changes for overseas markets. The release notes read:
July 2020
Version 1.48
Updated support for utility grid connections in Japan and South Africa
Improved Powerwall performance for sites in South Australia Virtual Power Plant
FWIW, mine upgraded to 1.47.0 while in testing mode.