) stock, Wall Street analysts — at least the bullish ones — say the company is more than an automaker. And one area of outsized growth for Tesla beyond its car business could be energy., Tesla said that it deployed 9.4 GWh of battery energy storage, its highest quarterly amount ever, and more than double the amount of battery storage the company deployed in the first quarter.While a Powerwall typically holds around 12.
But with Tesla doubling storage deployments in Q2 versus Q1, the effect on the company's bottom line could be substantial — and Wall Street is of course noticing the growth, and profit appeal, of Tesla’s energy storage business.Morgan Stanley’s Adam Jonas dubbed Tesla’s Q2 energy deployment storage figure a “show stealer,” noting the 9.4 GWh deployed was double the firm’s forecast.
But it may be Tesla’s Q2 earnings report, coming in less than two weeks, that could provide investors with a nice upside surprise if the energy storage business reports another strong quarter of profitable growth.Florida residents were shocked to see a manatee swimming in their human-made lake. A biologist thinks she knows how it got there.