<ul data-eligibleForWebStory="false"><li>Tesla's energy storage business, a previous bright spot, saw a decline in deployments for the second consecutive quarter, installing 9.6 GWh in Q2 compared to 11 GWh in Q4 2024.</li><li>The energy storage division had been a consistent growth area for Tesla but faced challenges in 2021, hinting at an end to its streak of revenue growth.</li><li>Overall energy storage market growth remains strong, with new installations hitting record highs, but potential challenges loom due to tariffs and legislative impacts.</li><li>Possible restrictions on foreign-sourced materials could impact battery storage installations, as most battery minerals are refined in China, raising concerns about claiming tax credits in the future.</li></ul>

Tesla’s energy storage business gets sucked into the company’s downward spiral

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