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Benzinga
Benzinga
Business
Surbhi Jain

Tesla's Secret Weapon: 44% Energy-Storage Growth Reshapes EV Giant

Tesla Inc. Nasdaq Elon Musk
Tesla Megapack

Tesla Inc.'s (NASDAQ:TSLA) EV headlines often steal the show, but the real story this quarter isn't on four wheels — it's wired to the grid. Energy storage revenue exploded 44% year over year to $3.4 billion in the third quarter, now accounting for 12% of total sales, up from 9% a year ago.

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