Part 3/12:
Explosive Growth in Energy Storage
In 2024, Tesla’s energy division recorded $10.09 billion in revenue, marking a remarkable 67% year-over-year increase. A few years prior, these numbers alone could have made it a robust mid-sized entity. What’s more, Tesla’s energy storage business is keeping pace with hypergrowth, deploying an impressive 31.4 GWh of energy storage in the previous year—more than twice the amount from the year before. This capability translates to enough energy storage to power nearly 10 million homes for a single day.