特斯拉_解读特斯拉能源存储业务的核心信息

Equity Research U.S. Autos & Mobility 11 March 2026 Tesla, Inc. Unpacking the need-to-know on Tesla's energy storage business Key takes: 1. Tesla capacity constrained on BESS sales, capacity expansion supports continued robust growth ahead; 2. Tesla held top BESS global market share in '25, opportunity to capitalize on storage TAM expansion/data centers; 3. Strong margins driven by scale, vertical integration, and software Our discussions with investors on Tesla frequently focus on either Robotaxi or Optimu ...