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Tesla’s energy storage business gets sucked into the company’s downward spiral
For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined.
Even Tesla’s energy storage business, which has been a small, yet notable bright spot, can’t escape the cloud that’s hanging over the company. For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined, according to stats released by Tesla. Analysts at Wood Mackenzie said new installations hit a record high in Q1, the most recent period for which data is available, growing by 57% year-over-year.
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