Tesla Inc. revealed a major jump in energy storage deployment in the first quarter of 2025, installing 10.4 gigawatt-hours of storage products, more than double the 4.05 GWh deployed a year ago. The company shared the update via social media alongside a seven-year growth chart for its energy division. The announcement followed Tesla’s first-quarter earnings call, highlighting falling vehicle sales and a 71% drop in profits. Despite the energy division’s performance, Tesla Bull Ross Gerber called it the worst quarter he’s seen from the company. Shares are down 37.26% this year, currently trading at $237.97.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla revealed the major jump in energy storage deployment in the first quarter of 2025,
00:07installing 10.4 gigawatt hours of storage products, more than double the 4.05 GWH deployed
00:12a year ago. The company shared the update via social media alongside a seven-year growth chart
00:17for its energy division. The announcement filed Tesla's first quarter earnings call,
00:21which highlighted falling vehicle sales and a 71% drop in profits. Despite the energy division's
00:26performance, Tesla bull Ross Gerber called it the worst quarter receipt for the company.
00:31Shares are now 37.26% this year, currently trading at $237.97.
00:37For all things money, visit Benzinga.com slash GSTV.