I am reposting this originally from Oct 13, 2023...Along with the added information that has come to light from Bradford Ferguson that the Lathrop "Megapacktory" (as Bradford coined it
which I love) could now be slated to produce 2x what was originally estimated for a total of 80KWh or roughly 20,000 Megapack equivalent. So you can, perhaps, 2x these figures. SOURCE RANDY AND BRADFORD (mentions 80KWh around 9:30 time)
ALTERNATE INSIGHTS FROM BRIAN WANG:
CATL is the world's largest battery maker and CATL battery factories are operating at 70% of capacity to produce about 200 GWH/year of batteries. Tesla needs
www.nextbigfuture.com
Bradford Ferguson reports that the Tesla Megapack factory will expand to 80 GWH per year of capacity. The original megapack factory capacity was 40 GWH.
www.nextbigfuture.com
In the name of being conservative in estimates, I'll stick to the OG figures in my original post...
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Re all this talk about growth in 2024:
Lathrop @ 10k megapacks annually should generate well over $20B in revenue simply from the sale of megapacks alone (and then recurring revenue stacks up each year for annual operational revenue). At just 20% margins, this is another $4B+ in annual profits, or $1B per Q - from a single Megafactory. $1B in profit is equivalent to roughly 200k M3/MY PER Q; or stated another way, equivalent to two factories! So there are the "two gigafactories built this year" we are looking for (this is where 2024 growth will suprise the WS "smart $$"). Now recall Tesla has at least one Megafactory breaking ground in China in Shanghai (Lingang to be specific)... Tesla to begin construction of Shanghai "Megapactory" in near future, says EV maker's China chief
If this comes online by Q3 2024 (as it is slated to and we know the pace Tesla China operates at) lookout above!
Whether or not Berlin and Austin expand at all, or Model2 Compact comes in late 2024 to Ausin (or Berlin or Shanghai), it is apparent that EARNINGS growth (its all about EBITA versus enterprise value and PEG ratio IMHO) is going to grow 30% from Energy alone in 2024. The beast is awakening.
I open my comments up for criticism...