Tesla’s energy storage business gets sucked into the company’s downward spiral

Even Tesla’s energy storage business, which is a small, yet has a significant spot, cannot avoid the clouds hanging on the company.

According to the statistics published by Tesla, the deployment of Powerwall and Megapack stationary storage products has decreased for the second quarter. In the second quarter of this year, the company has been installed 9.6 gigwatt-hours Storage below 0.8 gigawatt-hours from the first trimester.

Tesla At the top of the fourth quarter of 2024During the three-month period, 11 gigawatts have been deployed. In all, Tesla deployed 1.5 gigawatts of energy saving products in 2021.

Until this year, this sector has become a brilliant place for Tesla, posting continuously for years. Energy saving and earning from solar installation increased from $ 2 billion 2020 10.1 billion dollars from Last yearThe Tesla’s poor start to suggest from the beginning that the genre is about to end.

On the contrary, a wide market for energy saving is increasing recently. Analysts Wood It is said that a record has been higher in Q1 in Q1, it is available for the latest time, which increases by 57% over the years.

Such growth is less likely to continue, though, the tariffs of Chinese-made products are currently in line with the bad effects of the Trump-backed reunion bill, which is currently being washed out in Congress. There, Republicans are working to eliminate the main parts of the law to reduce inflation.

Although battery storage installations can continue to receive tax credit under the bill, new restrictions on parts or materials obtained from foreign entities (FEOC) can make any remaining tax credit claim almost impossible. Most of the minerals used in batteries are refined or processed in China.