Morgan Stanley expects data centers to add more battery storage than the grid in 2030, and analyst Andrew Percoco called Tesla a “very obvious player” in that market. Tesla’s energy business generated $12.8 billion of revenue in 2025, up 27%, with a 29.8% gross margin versus 16.2% for its car business. Tesla’s undelivered energy contracts totaled $10.73 billion as of September 30, while its company-wide gross margin fell from 25.6% in 2022 to 18.0% in 2025. Ford launched Ford Energy in May, planning about $2 billion of spending and at least 20 GWh of deployments a year. At 189x forward earnings, Tesla’s valuation still depends on Robotaxi and Optimus profits that estimates don’t yet show.
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TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 11/03/2026 | 398.22 |
| Change that session | -1.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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