Tesla's Energy & Storage Unit is Thriving: Is it the Only Bright Spot?

Tesla’s (TSLA) core electric vehicle (EV) business is under pressure as weakening demand and stiff competition are weighing on sales. CEO Elon Musk’s political involvement is also working against Tesla’s brand image. The company has pinned hopes on its AI and robotaxi strides, which it believes will be the key long-term drivers. But these are still in the early stages.However, one segment that is flourishing is Tesla’s energy and storage business, thanks to the strong reception of its Megapack and Powerwall ...