Dec 28, 2023

Tesla’s Energy & Supercharger Business: A Growing Source of Profit 🔋🔌

Posted by in categories: business, Elon Musk, energy, sustainability, transportation

Tesla recorded $500M+ in gross profit from its Energy and Services (Supercharging) segments in Q3 2023. Elon Musk noted how strong energy gross margins were on the call, and insinuated strength in these businesses will continue. I think this is a super exciting development for Tesla investors as the company can smooth out cyclicality in it’s automotive business with consistent profits from its Energy and Services.

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