2024.Q2 IR Report – Tesla Energy Sector

The non-automotive business is becoming an increasingly profitable part of Tesla
ESS expansion and more car rental customers
Non-Automotive Business’ Revenue Growth Expected to Continue

Megapack and Powerwall achieve record deployment in Q2, recording total energy storage deployment of 9.4 GWh
Energy Business Reaches Record Revenue And Gross Profit
Lasrop Gigafactory Successfully Expands Production In Q2 With Production Records
Shanghai Gigafactory Targets To Start Production In Q1 2025
Although production is expected to continue to increase, timing of deployment may vary depending on several factors
Powerwall 3 successful launch, available in Canada, UK, Germany, outside of US

The sequential revenue growth in the services and other business segments was primarily driven by higher gross profit generation from improved service center margins and collision repairs
Supercharger Network Continues Expansion, Set To Be Largest Deployment In North America This Year
Focus on capital efficiency, congestion relief, and coverage improvement
Network To Open To Vitesla EVs, Plans More OEM Onboarding In North America By End Of This Year
Network utilization is expected to continue to grow throughout the year, which will drive revenue growth and profit generation

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