Not just electric cars. The latest boost to Tesla's share price this week comes from the energy generation and storage business, a segment that, according to analyst Jed Dorsheimer of Canaccord Genuity, could represent revenues of US$8 billion for Elon Musk's company by 2025. Tesla Energy manufactures three types of batteries - Powerwall, for home use, Powepack, for commercial use, and Megapack, for electric utilities - as well as solar panels and solar roofs for power generation. Tesla, says Dorsheimer in his report, is putting focus on this division and is moving along the lines of becoming a prestige brand in storage, in the style of Apple in the electronic gadget market. Meanwhile, the market awaits the release of Tesla's first-quarter 2021 results, scheduled for April 26.

Source: Tesla