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Gambit Energy Storage LLC is a wholly-owned subsidiary of Tesla, Inc. (NASDAQ: TSLA), focused on utility-scale energy storage solutions. While the subsidiary itself doesn't have a separate stock ticker, its operations contribute to Tesla's energy division revenue stream.
The Texas-based company gained attention in 2021 for developing a 100MW/200MWh Megapack installation near Angleton, Texas - one of Tesla's largest battery storage projects at the time. This project demonstrated Tesla's growing capabilities in grid-scale battery storage systems, capable of powering approximately 200,000 homes during peak demand periods.
Key financial aspects for investors to note:
1. Energy storage deployments (including Gambit's projects) reached 14.7GWh in Tesla's 2023 Q4 results
2. The energy division generated $6.1B revenue in 2023, representing 8% of Tesla's total income
3. Megapack production capacity is expanding to 40GWh annually across multiple factories
For those interested in energy storage investments, tracking Tesla's TSLA performance and its energy segment growth remains the most direct exposure to Gambit's parent company operations.
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