What can Tesla look forward to in the future? Clean energy may become a new catalyst, can Tesla still rise again? Tesla technology trend analysis Langjian Trading Co., Ltd.

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Tesla's (TSLA) clean energy business is rapidly becoming a growth engine for the next decade. As America's leading electric vehicle manufacturer, Tesla is rapidly expanding its energy storage products and solar systems globally, particularly in China. In the second quarter of 2023, Tesla's energy storage deployment reached a record 9.4 GWh, a year-on-year increase of 158%. Revenue from the energy business reached 3 billion US dollars, while revenue from the electric vehicle business fell 7%.

The gross margin of the energy business grew to 24.6%, far exceeding the 18.5% in the automotive business. Analysts are optimistic that this business will significantly boost the company's earnings. Famous analyst Adam Jonas raised Tesla's target share price to $310, calling the energy business “the highlight.” Similar to Amazon's cloud computing driving profits, Tesla's energy business is also expected to become a new profit engine.

Tesla is partnering with Sunrun (RUN) in Texas to help families set up “virtual power plants,” optimize energy management and sell electricity through Tesla Electric, and each Powerwall user can receive $400 in compensation each year. This move has made the Texas grid more resilient in response to growing demand for electricity and weather disasters.

Despite facing short-term challenges, Tesla's dual layout in the field of clean energy and electric vehicles gives it great potential for future development. Analysts believe this will be a strong driver of the company's performance growth and reinforce its global market leadership position.