October 20, 2023

Tesla’s Q3 PV installations drop significantly

Tesla’s solar installations plummeted by nearly 50% YoY to 49 MW in Q3/2023.
In the first 3 quarters of 2023, solar deployments dropped over 26%.
In contrast, Tesla’s energy storage business grew by 90% YoY to 4.0 GWh in Q3/2023.
Generation and storage revenues increased 40%, adding $1.56 billion to total revenues.