Tesla’s 2024 energy storage revenue surpasses $10 billion

Records are tumbling for Tesla’s battery energy storage business with revenues growing 67% and deployments surging 114% year-on-year.

From ESS News

While its electric vehicle (EV) business is contracting, Tesla’s battery energy storage business is shattering its own records both in terms of deployments and revenue.

In its Q4 and FY 2024 earnings report, Tesla posted more than $3 billion in revenue in Q4 2024, representing a 113% increase over the same quarter in 2023.

The cumulative revenue from the company’s energy generation and storage business stood at $10,086 million at the end of 2024, up by 67% year-over-year.

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