Tesla’s Powerwall and Megapack installations fell for the second quarter running, dropping to 9.6 GWh in Q2 2025.
The division previously peaked at 11 GWh in Q4 2024 after deploying 31.4 GWh across 2024.
Energy storage and solar revenue grew from $2B in 2020 to $10.1B in 2024, but this growth streak may end with a weak start to 2025.
While the broader US storage market grew 57% in Q1, proposed tariffs and new US bill restrictions on Chinese-sourced materials threaten future growth.
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