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Tesla Energy Storage Growth Outpaces Vehicles as Megapack 3 Texas Plant Opens

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Sig3.25Sen+5.20Env+1.45Soc+0.65Gov0.00

Tesla’s energy generation and storage revenue climbed 13% to $3.14B as higher Megapack deployments outweighed weaker Powerwall volumes and lower average prices. The energy segment posted a 20.4% gross margin, above automotive. The Brookshire, Texas Megafactory began production for Megapack 3, adding capacity amid rapid US power-market buildouts.

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