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 $8 billion in revenue 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, Dorsheimer says in his report, is focusing on this division and is moving toward becoming a prestigious brand in storage, similar to 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