Reported about 14 hours ago
Tesla's energy storage sector, previously a highlight for the company, is now experiencing a downturn with a decline in installations of its Powerwall and Megapack products for two consecutive quarters. In the second quarter of 2025, Tesla installed 9.6 gigawatt-hours of storage, down from previous figures, signaling a potential end to growth that saw revenue soar from $2 billion in 2020 to $10.1 billion in 2024. This decline occurs despite broader market growth in energy storage, which faces challenges from tariffs and legislative changes.
Source: YAHOO