Tesla Energy and Charging infrastructure surge
Key Questions
How did Tesla Energy storage perform in Q2?
Energy storage delivered 13.5 GWh in Q2, up 53% QoQ and 40% YoY, just shy of the Q4 2025 record. Battery margins reached 30% compared to 15% for EVs, with an 82% US market share.
What major deals has Tesla Energy signed recently?
A 16 GW flexible energy deal with Sunrun includes 300 MW deployable in Virginia. NatPower confirmed a 25 GWh Megapack deal across Italy and UK, and a $3B agreement with Esyasoft was highlighted alongside $9B in projects over six weeks.
What growth targets has Tesla set for energy storage?
Tesla targets 130 GWh of BESS deployments by end-2026 and has pivoted $25B in capex toward energy as a key pillar. Baird noted energy deployments rose 41% YoY.
How did the Supercharger network perform in Q2?
Superchargers delivered a record 2.0 TWh in Q2, up 30% YoY, with utilization hitting an all-time high. July 22 earnings are expected to provide further updates.
What role does Autobidder play in Tesla's energy business?
Autobidder software manages battery operations, including at a former French coal plant converted into a battery farm. It underpins the moat for large-scale energy projects and flexible deals.
Energy storage delivered 13.5 GWh in Q2, up 53% QoQ and 40% YoY, just shy of Q4 2025 record. Battery margins 30% vs EV 15%. Sunrun tie-up confirmed with 16 GW flexible energy deal and 300 MW deployable in Virginia. 82% US market share. Targets 130 GWh BESS by end-2026. New 25 GWh Megapack deal with NatPower across Italy and UK confirms strategic value and Autobidder software moat. $25B capex pivot confirms energy as key pillar. Superchargers delivered record 2.0 TWh in Q2, up 30% YoY, with utilization at all-time high. Baird noted energy deployments up 41% YoY in their Q2 beat commentary. Today's reading added a deep dive reframing energy as Tesla's biggest growth engine, highlighting a $3B Esyasoft agreement and $9B in projects over six weeks. Also a new article on Autobidder's real-world application at a former French coal plant, reinforcing the energy storage narrative as a tangible growth driver beyond auto margins and robotaxi hype. July 22 earnings date set.