Tesla’s Energy Storage Revenue Doubles, but Q2 Profit Falls 45%

Quarterly revenue rose 2% year-over-year to $25.5 billion

July 24, 2024

/ Electric Vehicles, Energy Storage, Finance and M&A,

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U.S.-based electric vehicle and clean energy company Tesla‘s revenue for the second quarter (Q2) of the financial year (FY) 2024 rose 2% year-over-year (YoY) to $25.5 billion, as declining automotive sales were partially offset by booming energy storage business.

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Arshreet Singh

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Tesla’s Energy Storage Revenue Doubles, but Q2 Profit Falls 45%

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