Model 3 is on everyone's mind, but this nugget from today's Electrek article on the Tesla Energy reorganization caught my eye.
This is the first explicit confirmation I have seen from Tesla that they expect the energy business to eventually be the same size as the automotive business since the 2016 shareholder meeting:
Combined with Elon's statement at this year's shareholder meeting that storage margins were expected to be in the same range as automotive margins, this confirmation is very important IMO.
This is the first explicit confirmation I have seen from Tesla that they expect the energy business to eventually be the same size as the automotive business since the 2016 shareholder meeting:
“Our energy products are critical to our mission to accelerate the world’s transition to sustainable energy, and we continue to expect that Tesla’s solar and battery business will be the same size as automotive over the long term. One of the main reasons we acquired SolarCity was to use our Tesla stores to sell not only cars, but also Powerwall and Solar. Tesla stores have some of the highest foot traffic of any retail space in the country, so this presents a unique benefit that is demonstrated by the growing number of Tesla vehicle customers who are also purchasing energy products through our stores. The reorganization that we announced last week does not impact this.” Tesla’s energy division to be hit hard by restructuring, Tesla still likes long-term prospect
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