Back
Vishu Bheda
•
Medial • 3m
Tesla just hit $25 billion in revenue. But while everyone's focused on Tesla's cars, Elon's been quietly building something bigger... A secret division that's growing 52% year-over-year. Here's how Elon's master plan is unfolding: While many car companies face challenges, Tesla is thriving thanks to its energy business. In Q3 2024, Tesla’s energy division grew by 52%, earning over $2.3 billion. The company offers products like the Megapack, a large battery that can power 3,600 homes for an hour, and the Powerwall, a home battery that stores solar energy. These products work together to create an energy ecosystem: Solar panels generate clean power Powerwalls store the energy Electric cars charge using the stored energy Megapacks stabilize the power grid Tesla isn’t just about electric cars anymore. By building a new way to produce, store, and use energy, they’re growing fast and reshaping the future of energy, all while other car companies struggle with profit margins.
Replies (7)
More like this
Recommendations from Medial
Download the medial app to read full posts, comements and news.