Is the future promising for Tesla? Clean energy may become a new catalyst. Can Tesla rise again? Tesla's technology trend analysis from Wavecrest Trading.

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Tesla's clean energy business is rapidly becoming a growth engine for the next decade. As the leading electric vehicle manufacturer in the United States, Tesla is rapidly expanding its energy storage products and solar systems globally, especially in China. In the second quarter of 2023, Tesla's energy storage deployment reached a record 9.4 GWh, a 158% year-on-year increase, and energy business revenue reached 3 billion dollars, while electric vehicle business revenue declined by 7%.

The gross margin of the energy business has increased to 24.6%, far exceeding the 18.5% of the automobile business. Analysts optimistically expect this business to significantly boost company earnings. Renowned analyst Adam Jonas raised Tesla's target stock price to $310, stating that the energy business is the "bright spot." Similar to the way Amazon's cloud computing drives profits, Tesla's energy business also has the potential to become a new profit engine.

Tesla is partnering with Sunrun (RUN) in Texas to help households establish "virtual power plants," optimizing energy management through Tesla Electric and selling power. Each Powerwall user can receive $400 in compensation annually. This initiative enhances the resilience of the Texas power grid to cope with the growing demand for electricity and weather disasters.

Despite facing short-term challenges, Tesla's dual layout in the clean energy and electric vehicle fields gives it enormous potential for future development. Analysts believe that this will become a strong driving force for the company's performance growth, consolidating its global market leadership position.