As the electric vehicle (EV) giant Tesla Inc. (NASDAQ:TSLA) grapples with dwindling EV demand, it is now seemingly redirecting investor attention towards its other segments, particularly energy storage.
What Happened: Tesla reported on Tuesday the quantity of energy storage products deployed in the quarter alongside its vehicle delivery and production numbers. This marks a departure from the company’s previous practice of reserving reporting on its energy storage segment for its quarterly financial report, rather than the delivery report.
Tesla disclosed that it deployed 4,053 MWh of energy storage products in the quarter, representing its highest quarterly deployment to date and a year-on-year increase of 4.2%. This comes after the deployment of only 3,202 MWh of energy storage in the ...