Tesla
i i energy storage energy storage deployments decreased sequentially in to for a total deployment of in a increase compared to while we expect deployments will continue to be volatile on a sequential basis impacted by logistics and the global distribution of projects at any given time we expect continued growth on a trailing twelve month basis going forward we continue to ramp our in toward full capacity solar solar deployments declined on a sequential and yoy basis to downward pressure on solar demand continued into as interest rates have remained high profitability in the quarter was negatively impacted by lower deployments and seasonal weakness in solar energy generation services and other business the services and other business continued to grow alongside our fleet in achieving record revenue and gross profit generation the biggest drivers of profit generation in were part sales used vehicle sales merchandise sales and pay per use supercharging as our fleet continues to expand in the coming years there is an opportunity for fleet related services to become a more meaningful driver of profit generation energy storage deployments services other gross profit highlights | Tesla
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Industry
Deck date
January 2024
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Results
October 2023
i i energy storage energy storage deployments increased by yoy in to our highest quarterly deployment ever continued growth in deployments was driven by the ongoing ramp of our in toward full capacity of with the phase two expansion production rate improved further sequentially in solar solar deployments declined on a sequential and yoy basis to sustained high interest rates and the end of net metering in have created downward pressure on solar demand services and other business as our global fleet size grows our services and other business continues to grow successfully with supercharging insurance and body shop part sales being the core drivers of profit growth yoy pay per use supercharging remains a profitable business for the company even as we scale capital expenditures our team is focused on materially expanding supercharging capacity and further improving capacity management in anticipation of other joining our network energy storage deployments services other gross profit highlights | Tesla
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