Tesla recently reported record-breaking energy storage deployments in the second quarter, exceeding the previous record by a significant margin.
This strong performance by the Tesla Energy division is leading analysts to believe it will play a larger role in the company's future earnings.
While Tesla's dominance in the electric vehicle market remains a key factor in its valuation, the growing energy segment is becoming increasingly important.
As Tesla's energy storage business continues to expand, it is poised to become a major contributor to the company's overall success.
