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Elon Musk thinks Tesla energy could be 'bigger' than Tesla EV business

Elon Musk predicts Tesla energy business will bigger than its electric vehicle business

By Anthony Garreffa on Oct 24, 2019 11:14 pm CDT - 1 min, 29 secs reading time

Elon Musk thinks that Tesla's energy business could one day be the same size as, or if not bigger than the electric car business Tesla is known for (at least for now).

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During a recent earnings call by Tesla Motors, CEO Elon Musk said in relation to Tesla's energy business compared to the electric vehicle business: "It could be bigger, but it will certainly be of a similar magnitude".

Tesla keeps the numbers of its energy business close to its chest, but out of the $6.3 billion that Tesla made in Q3 2019 -- $5.35 billion came from its automotive revenues. This includes the sales of the Tesla Model S, Model X, and Model X electric vehicles.

Given that there's roughly another $1 billion there, the energy business could be doing very well. If Musk is pumping it up for the right reasons, Tesla could see the light (pardon the pun) with its energy business going forward.

On top of that, Tesla had to grind hard rhoguh diverting resources to the Model 3 electric vehicle, with its energy and solar businesses left out to dry in this time. Now imagine that the right amount of resources, energy cells, and money was being poured into Tesla's energy business?

It would have more power to dominate with its home Powerwall and commercial Powerwall energy storage products. Musk explained: "We had to do it because if we didn't solve the Model 3, Tesla wouldn't survived. So, unfortunately that shorted other parts of the company".

But that all changes now, with Tesla's energy business seeing some serious moves with Kunal Girotra joining Tesla in 2015 as a senior product manager on Powerwall -- recently, Girotra was promoted into a senior director role of Tesla's energy business.

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Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

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