In the second quarter, Tesla's energy segment generated $1.5 billion in sales -- around 6% of total revenue. But with a year-over-year growth rate of 74%, the business is expanding faster than automotive and services, which grew at rates of 46% and 47%, respectively.
Over the long term, energy may become a larger percentage of Tesla's revenue, supporting top-line growth and giving it much-needed diversification. Management is investing heavily in the opportunity by building out production infrastructure. In April, the company announced plans for its second "megafactory" in Shanghai, China designed to produce 10,000 storage batteries annually. The project could help lower costs and increase the availability of Tesla's energy products.
bullrider_21 : Tesla went on a 13-day winning streak
https://www.moomoo.com/community/feed/111109185667878?global_content=%7B%22invite%22%3A%22102079252%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111109185667878%22%7D&data_ticket=8d79554dc8b17a0ea10adf128b61190d&futusource=nnq_personal_host
MonkeyGee bullrider_21 : You have some of the best TA on moomoo. don't have to justify your actions to people who don't understand TA. just like the funny thing that someone thinks I care when NIO and Xpeng drops. I saw it two days before it happened. people will learn soon who they should follow on moomoo because when the market tanks it will flush out the good and the bad.
ZnWC OP bullrider_21 : Thanks for contributing "comment".
ZnWC OP MonkeyGee : Thanks for contributing "comment".
bullrider_21 MonkeyGee :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
bullrider_21 MonkeyGee : Thanks for your compliment. I don't care too. I only care about someone posting misleading comments.
ZnWC OP MonkeyGee : Thanks for contributing "comment".
ZnWC OP bullrider_21 : Thanks for contributing "comment".
bullrider_21 : TA: Tesla price target for the week
https://www.moomoo.com/community/feed/111109766840326?global_content=%7B%22invite%22%3A%22102079252%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111109766840326%22%7D&data_ticket=8d79554dc8b17a0ea10adf128b61190d&futusource=nnq_personal_host
ZnWC OP bullrider_21 : Thanks for contributing "comment".