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Tesla Inc. reported a 44% year-over-year growth in energy storage revenue, reaching $3.4 billion in Q3, now making up 12% of total sales. The Megapack and Powerwall systems are driving this transformation from a car company to an energy powerhouse. Analysts predict energy storage could exceed $10 billion in annual revenue by 2027, providing a strategic hedge against the auto market's cyclical nature. This shift highlights Tesla's potential as an AI-enabled energy infrastructure giant, presenting a compelling case for investors to monitor the stock closely.

- Tesla Inc.'s energy storage revenue surged 44% year over year to $3.4 billion in Q3, now representing 12% of total sales.  
- The Megapack and Powerwall systems are driving this growth, as utilities adopt them for grid stabilization and homeowners seek energy independence.  
- Analysts predict that energy storage could exceed $10 billion in annual revenue by 2027, positioning Tesla as a significant player in the energy sector beyond its automotive roots.  

Benzinga

Tesla

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Tesla stock (Nasdaq: TSLA) fell 6% after a disappointing Q3 earnings report, revealing a 37% drop in net income despite record revenue of $28.1 billion. Adjusted earnings of 50 cents per share missed Wall Street's estimate of 54 cents. Operating expenses surged 50% to $3.43 billion, impacting profits. Analysts have mixed views on Tesla's future; Deutsche Bank and Royal Bank of Canada raised their price targets, while Goldman Sachs expressed caution. Overall, concerns about demand sustainability and competition loom over Tesla's outlook.

- Tesla stock fell approximately 6% after a disappointing Q3 earnings report, revealing a 37% decline in net income despite record revenue of $28.1 billion.  
- The profit drop was attributed to a 50% increase in operating expenses and a 44% decrease in carbon credit revenue, alongside rising tariffs and declining gross margins.  
- Analysts have mixed opinions on Tesla's future, with some maintaining bullish ratings while others express caution due to competition and uncertain demand sustainability.

Invezz

Tesla stock slips on Q3 miss, but is a rebound next? Here’s what analysts say

Tesla has confirmed that the production of its electric semi truck, the Tesla Semi, has been delayed until 2026, contradicting earlier claims of production starting in 2022. The timeline of the Tesla Semi program has been confusing, with initial announcements made in 2017 and expectations set for production to begin in 2019. The vehicle's development process typically includes concept unveiling, production version unveiling, and then production and deliveries.

- Tesla has announced a delay in the production of the Tesla Semi, now expected in 2026, contradicting earlier claims.  
- The timeline for the Tesla Semi program has been unclear, with previous announcements stating production had begun in 2022.  
- Initially unveiled in 2017, CEO Elon Musk had projected that production would start in 2019.  

Electrek

Tesla confirms electric semi truck production is delayed despite recently claiming otherwise

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