It’s not just electric cars. The latest boost to Tesla’s stock price this week comes from its energy generation and storage business—a segment that, according to Canaccord Genuity analyst Jed Dorsheimer, could generate $8 billion in revenue for Elon Musk’s company by 2025. Tesla Energy manufactures three types of batteries—Powerwall, for residential use; Powerpack, for commercial use; and Megapack, for utility companies—as well as solar panels and solar roofs for electricity generation. Tesla, Dorsheimer says in his report, is focusing on this division and is on track to become a premier brand in energy storage, much like Apple in the consumer electronics market. Meanwhile, the market is awaiting the release of Tesla’s first-quarter 2021 earnings, scheduled for April 26.

Source: Tesla