Forget Model Y! Tesla Australia Makes More Money From Batteries Than EVs

Tesla’s energy business in Australia is experiencing remarkable growth, surpassing revenue generated from electric vehicle sales, particularly the popular Model Y. As competition in the EV market intensifies and sales momentum slows, Tesla’s focus on massive battery storage projects and the increasing demand for Powerwalls is proving to be a lucrative strategy. This shift highlights the potential for energy storage solutions to become the company’s primary profit driver in the long term, suggesting that Tesla’s future may lie more in energy than automotive sales.