Tesla’s Net Income in 2023 Drops 23%, Energy Storage Deployments Surge 125%

In Q4, energy storage deployments sequentially decreased to 3.2 GWh

January 25, 2024

/ Electric Vehicles, Energy Storage, Market & Policy

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U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.4 billion in the fourth quarter (Q4) of the financial year (FY) 2023, a 39% year-over-year (YoY) decline.

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Gautamee Hazarika

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Tesla’s Net Income in 2023 Drops 23%, Energy Storage Deployments Surge 125%

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