Energy is a bright spot and it’s under threat
Tesla’s energy business stands out as a growth business in an earnings report that otherwise shows stagnation and a retreat — at least in terms of sales. Tesla’s energy business, which includes storage and solar, brought in $2.7 billion in revenue, a 67% increase from the same quarter last year.
Now that’s not nearly as big of a slice as automotive revenue. But it’s actually growing. Tesla’s total automotive revenue, which was $13.96 billion, was down 20% compared to the same period in 2024.
The trade war could threaten that growth.
Tesla said “while the current tariff landscape will have a relatively larger impact on our Energy business compared to automotive, we are taking actions to stabilize the business in the medium to long-term and focus on maintaining its health.”