Tesla Battery Backup Systems Manage Over 1.2GWh of Energy Storage Via Autobidder


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


A large part of Tesla Inc's (NASDAQ:TSLA) business is found in its role as an energy company. Tesla makes batteries for vehicles and home storage, solar panels and industrial-scale battery storage solutions.

Tesla is controlling over 1.2GWh of energy with its Autobidder system and industrial energy storage solutions, according to Electrek.

Autobidder is a real-time trading and control platform for Tesla's energy storage systems like Tesla’s Powerpacks, Powerwalls and Megapacks. It uses AI to optimize use and more efficiently monetize assets. 

See also: How to Invest in Tesla Stock

Tesla's Megapack in Australia has been performing since 2017, reducing blackouts and saving customers and energy companies money.

The system is a faster, more efficient way to supply supplemental power to an energy grid in need.

Rohan Ma, Tesla’s lead on Autobidder, said that Tesla has over 1.2GWh of energy under management. 

“With the Autobidder portfolio operating over 1.2 GWh in 2021, we’re pumped to be launching in Texas this summer.” 

Click here to check out Benzinga’s EV Hub for the latest electric vehicles news.

Photo courtesy of Tesla.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: TechMediaelectric vehiclesEVs