Part 3/9:
In terms of market dynamics, Tesla has made considerable strides, producing approximately 35 GWh in 2023. However, the global energy storage market is still in a budding phase, with an estimated installed capacity of around 200 GWh. Analysts from RoMotion suggest that while the overall battery landscape stands at 1.2 TWh, growth rates have hovered around 27%. Interestingly, projections indicate that battery storage could grow to 280 GWh by 2025 and 380 GWh by 2026, reflecting an industry shift that Tesla may benefit from, should they successfully ramp up their factory outputs.