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Vishu Bheda
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MedialĀ ā¢Ā 11m
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, Teslaās 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 isnāt just about electric cars anymore. By building a new way to produce, store, and use energy, theyāre growing fast and reshaping the future of energy, all while other car companies struggle with profit margins.
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