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Tesla Energy Generation And Storage Business: Q1 2021 Results Apr 27, 2021 at 8:25am ET ++ Tesla Energy sales up, but costs are higher than revenues. Tesla Energy business is expanding on both fronts - energy storage and solar, but profitability is a different story. In Q1, Tesla Energy revenues amounted to $494 million, while the cost of revenues stands at $595 million. In other words, just like in the previous quarter, Tesla Energy is in the red....

Tesla Energy Generation And Storage Business: Q4 2020 Results Jan 27, 2021 at 6:40pm ET ++ Teslas battery energy storage business is booming, while the solar branch is showing signs of improvement. In Q4, Tesla Energy revenues amounted to $752 million (new record), while the cost of revenues stands at $787 million. It, unfortunately, means a negative $35 million result and a gross margin of negative 4.7%, but as long as the company is expanding the business, we assume its under control. Tesl...