Tesla reported 8.8 GWh in energy storage deployments in Q1 2026, marking a 38% sequential decline and a 15% year-over-year decrease. Despite this drop, the company anticipates full-year 2026 deployments to surpass those of 2025, reflecting a solid long-term growth trend with a 168% compound annual growth rate over the past three years. The declining quarter-on-quarter figures are attributed to the inherent volatility of large utility-scale projects.
Tesla’s energy generation and storage offerings include the Powerwall for residential use and Megapack for larger-scale customers. They plan to begin production of Megapack 3 later this year at their new facility near Houston. The latest developments also include the deployment of Tesla’s newly designed solar panel from Gigafactory New York, which boasts improved efficiency and aesthetics.
In contrast, Ford aims to establish itself in the energy storage sector with a planned investment of approximately $1.5 billion to achieve 20 GWh of storage capacity by 2027. Meanwhile, General Motors is focusing on residential and commercial energy solutions through GM Energy, emphasizing collaborations for using U.S.-made batteries and second-life EV packs.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
