Tesla's Energy Storage Business Is Quietly Growing at Triple-Digit Rates. Is This the Company's Next Growth Engine?

While most investors are focused on Tesla's electric cars, the company's fastest-growing product category is hiding in plain sight.After years of being viewed as an intriguing side project, Tesla's (TSLA -14.11%) energy business is starting to look like the electric-car company's most underappreciated growth engine. In 2024, energy storage deployments surged, and gross profit from the segment hit new highs. And momentum hasn't slowed. Based on Tesla's first-quarter 2025 results, the division is on pace for ...