Tesla's Energy Business is Booming

Tesla's energy generation and storage business growing rapidly, but on a relative basis it’s also significantly more profitable for Tesla than selling cars: the company reported a 31% gross profit margin from its energy efforts, nearly double the 16% from automotive sales. It’s worth noting, of course, that nothing beats the $739 million worth of pure profit from automotive regulatory credits.

The company’s energy business ranges from Megapack, a product aimed at large-scale utilities deployment, to products geared for end customers in smaller households like the Tesla Powerwall, and it also sells and installs solar-power systems.

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