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25 Jan
08:05

Tesla expects its storage business to outpace EV growth rate

Tesla expects the growth rate of deployment and revenue in its energy storage business to outpace the automotive business in 2024, with Giga Shanghai taking the lead, Kallanish reports. Energy storage deployments more than doubled compared to the previous year, while Energy Generation and Storage business’ profits nearly quadrupled in 2023, the company says in its Q4 2023 earnings presentation on 24 January. “The energy storage business delivered nea…
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