Energy & Storage
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How much of Tesla's revenue comes from energy?
It depends which figure you mean. As of Q2 2026, quarterly energy revenue was 3.139 $B (Q2'26). The files do not state energy as a percent of total revenue. The Q2 2026 category note says trailing-12-month reported energy revenue reached $12.8 billion. Storage deployed, which is volume rather than revenue, was 13.7 GWh in Q3 2026, as of Oct 2, 2026.
Figures
- Energy revenue: 3.139 $B (Q2'26)Source: Tesla IRAs of Q2 2026
- Storage deployed, Q3 2026: 13.7 GWhSource: Tesla IR, Q3 2026 production & deliveriesAs of Oct 2, 2026
Energy revenue from Tesla IR. Latest point 3.139 $B, as of Q2 2026. This is not a share of total revenue.
Unit: $B. As of Q2 2026. Source linked under the table.
| Period | Value ($B) |
|---|---|
| Q2'25 | 2.789 |
| Q3'25 | 3.415 |
| Q4'25 | 3.837 |
| Q1'26 | 2.408 |
| Q2'26 | 3.139 |
Energy storage deployed, in gigawatt-hours, from Tesla IR, Q3 2026 production & deliveries. The latest quarter in the file is Q3 2026.
Unit: GWh. As of Q3 2026. Source linked under the table.
| Period | Value (GWh) |
|---|---|
| Q2 2025 | 9.6 |
| Q3 2025 | 12.5 |
| Q4 2025 | 14.2 |
| Q1 2026 | 8.8 |
| Q2 2026 | 13.5 |
| Q3 2026 | 13.7 |
| As written in the note |
|---|
| trailing-12-month reported energy revenue reached $12.8 billion |
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What does the latest category note say?
This is the Energy & Storage note for Q2 2026, as of Q2 2026. It is quoted from the conclusions file. It is not a later quarter.
Q2 2026 note
Storage is no longer just a growing shipment line: it has become a sizable energy business with visible contracted demand and positive economics. Trailing-12-month storage deployed reached about 49,000 MWh in 2026 Q2 (chart 78), while trailing-12-month reported energy revenue reached $12.8 billion (chart 82). The same quarter included about $2.3 billion of deferred revenue and $10.1 billion of unsatisfied performance obligations (chart 84). Energy gross margin was 20.4% (chart 94), with revenue per kWh deployed at $261 versus cost per kWh at about $180 (chart 95). Cumulative energy gross margin reached about $10.0 billion (chart 93). Deployment shows the product is moving at meaningful scale, while revenue shows that scale is being converted into sales. Deferred revenue and unsatisfied obligations add evidence of paid-for or committed work beyond the current quarter, rather than relying only on shipments already completed. The positive gap between revenue and cost per kWh, the 20.4% quarterly margin, and the $10.0 billion cumulative gross margin show that this scale is producing gross profit, not merely volume.
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FAQ
The figures above are copied from the named series or from the category note. A missing series is marked TODO. Members keep the full interactive history.
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What is still missing from this page?
These items are marked TODO because the source files do not include them. Nothing here is filled with an estimate. TODO: publish this category's deck chart images. Those images are served only to members, so this page draws the public series it has. TODO: add energy as a percent of total revenue if a source file states it. The revenue series on this page is quarterly energy revenue, not a share of the total. TODO: add Q3 2026 energy revenue. The energy revenue series stops at Q2 2026. Storage deployed does include the later production and deliveries print.
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