Tesla Inc. TSLA revealed that the company deployed more than double the energy storage products in Q1 2025.
What Happened: In a post on social media platform X on Tuesday, the EV giant showcased a graph that illustrated the company's deployment of energy products over the last seven years.
The company says it deployed over 10.4 GWh worth of energy storage products in Q1 2025, compared to the 4.05 GWh it deployed at the same time last quarter, a 156% year-over-year increase. Tesla's energy storage products include Powerwall, Solar Roofs and the Megapack.
Why It Matters: The update comes in as Tesla wrapped up its earnings call, looking back on a difficult quarter marred by a decline in sales figures. Elon Musk shared how the company has affordable models in the pipeline this year as well as updates on the Optimus humanoid robots.
Musk also said that he would be scaling back on his commitment to the Department of Government Efficiency and focusing more on Tesla, which experts suggest was the right move on the billionaire's part.
However, Tesla Bull Ross Gerber remained skeptical following the earnings call as he shared how this was the ‘worst performance' he's seen from the company. It's worth noting that Tesla profits have fallen by over 71% year-over-year.
Price Action: TSLA stock experienced a 37.26% decline in value and is currently trading at $237.97 on NASDAQ, according to Benzinga Pro data.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Read Next:
Photo courtesy: Tada Images / Shutterstock.com
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.