Part 8/15:
Tesla Energy, often overlooked relative to automotive, is increasingly emerging as a significant growth driver. Last year, its energy storage deployment grew 32%, with solar roof deployments nearly tripling. Although initially near break-even, Tesla now focuses on profitability in this segment. Construction of a massive 40 GWh Mega Pack factory in California promises to boost utility-scale storage capabilities, far exceeding current production levels. Additionally, Tesla has received approval to sell power directly to households in Texas, hinting at broader energy services. Elon Musk has often stated Tesla Energy’s potential to rival automotive revenues, and successful scaling—reflected through profitable quarterly reports—could ignite Tesla’s stock.