Tesla’s energy storage deployments fell for a second consecutive quarter, with 9.6 GWh installed in Q2 2025, down 0.8 GWh from Q1.
Deployments peaked at 11 GWh in Q4 2024, and Tesla installed 31.4 GWh of storage products in 2024.
Energy storage and solar revenue grew from $2 billion in 2020 to $10.1 billion in 2024, but the downward trend in 2025 may end this growth streak.
The broader energy storage market saw record installations in Q1 2025, up 57% year-over-year.
Tariffs on Chinese-made goods and proposed US legislation limiting tax credits for foreign-sourced battery materials could hinder future growth.
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