Published 11 days ago

Tesla's energy storage business was the highlight of its blowout earnings, and Elon Musk says it's 'growing like wildfire'

Summary by Business Insider

A rendering of Tesla's Megapack battery system. TeslaTesla reported blowout earnings this week, but its biggest growth driver wasn't cars or robots.Its energy business grew by over 50% year over year, earning Tesla over $7 billion in revenue so far in 2024.Elon Musk said on Tesla's earnings call that the energy unit is "growing like wildfire."Tesla has a secret weapon, and it's not Elon Musk's robotaxi or the Optimus bot.The company reported blo…

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Tesla's energy storage business was the highlight of its blowout earnings, and Elon Musk says it's 'growing like wildfire'

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