Why Tesla Stock Jumped Again Friday

Core Insights - Tesla stock has experienced significant movement, rising 6% and then an additional 5.8%, reaching its highest level since February [1] - The surge in stock price is attributed to developments in Tesla's energy business, particularly following a recent event in Las Vegas [1][6] Energy Business Developments - Tesla introduced new products from its energy storage business, including the next-generation Megapack 3 and a new product called Megablock [3][4] - The Megablock is designed to combine multiple Megapacks with electrical power system components, aiming to reduce costs and installation times for large-scale energy projects [4] - Tesla plans to manufacture the Megapack 3 in Houston starting late next year [4] Financial Performance - Tesla's energy generation and storage revenue increased by 18% year-over-year to $5.5 billion in the first half of 2025, while automotive revenue declined by 18% [5][8] - The energy business is becoming a more significant part of Tesla's revenue stream, contributing to the recent stock price increase [6]