Tesla says Megapack storage backlog is nearly full through 2027
Tesla CEO Elon Musk told investors that the company’s Megapack battery‑storage product is almost completely booked for 2027, driven by strong demand from data‑center customers. CFO Vaibhav Taneja added that the demand is extreme and the firm is accelerating production at its Megafactory sites in Texas, California and Shanghai. The energy division posted a 33.1% gross margin, up from 20.4% in the prior quarter, while energy revenue fell 16% year over year to $2.88 billion.
Why it matters
The near‑sell‑out signals a robust revenue pipeline for Tesla’s energy business and may lift the outlook for future earnings, according to the company’s own comments. Production capacity constraints could affect the timing of order fulfillment for customers.
Key facts
- 1Tesla’s Megapack product is almost sold out for 2027, according to statements made on the Q3 2026 earnings call. finance.yahoo.com
- 2The company is ramping production as quickly as possible to meet the demand. finance.yahoo.com
- 3Energy‑division gross margin was 33.1%, compared with 20.4% in the previous quarter. finance.yahoo.com
- 4Energy revenue declined 16% year over year to $2.88 billion. finance.yahoo.com
- 5Tesla’s Megafactory Texas has a designed annual capacity of 50 GWh; combined with 40 GWh in California and 20 GWh in Shanghai, total name‑plate capacity is about 110 GWh. shattered.io
- 6CFO Vaibhav Taneja described demand as "extreme" from data‑center customers. shattered.io
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.