Tesla has achieved a significant milestone by installing over 500,000 Powerwalls worldwide, solidifying its dominant position in the home battery market.
The introduction of Powerwall 2 in 2016 sparked the widespread adoption of Tesla's home battery solution, although it took some time to gain traction.
Tesla doubled its Powerwall installations within a year from 100,000 to 200,000 by May 2021.
The company's deployment rate accelerated, with the next 250,000 Powerwalls installed in less than two years.
Tesla's increased collaboration with third-party installers and expanded production capabilities have contributed to this rapid deployment rate.
Tesla's upcoming release, Powerwall 3, suggests the company is committed to further advancing its home battery technology.