California Launches $529M Solar Peaker Plant Featuring Tesla Megapacks as Energy Ventures Gain Momentum
Posted: Nov 24, 2024
- $TSLA is involved in a $529 million project in California combining a solar farm and battery energy storage system
- Project features a $135 million Tesla Megapack system, one of the first utility-scale solar peaker plants in the U.S.
- Tesla is expanding beyond electric vehicles into energy and storage solutions and gaining momentum in the industry
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - While there are comments acknowledging Tesla's role and potential advantages, there are more comments expressing skepticism about Tesla's focus and valuation, contributing to a more negative sentiment. Summarized comments: - The Vikings Solar-plus-Storage Project involves collaboration between private and publicly traded companies like First Solar (NASDAQ: FSLR) and Nextracker (NASDAQ: NXT) for renewable energy advancements - Some users express skepticism towards Tesla as an energy venture and highlight its predominant focus on the automotive sector - There's a discussion about the scale of the project, with some considering it insignificant compared to larger developments - Comments indicate Tesla's projects may have industry-leading efficiency, but concerns exist about its forward price-to-earnings ratio and the impact of tariffs - Some redditors debate Tesla's valuation and Elon's business credibility Stock tickers discussed: $TSLA, $FSLR, $NXT
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