How does Tesla's automotive revenue compare to energy?

Tesla's automotive revenue is significantly higher than its energy revenue. In 2023, Tesla's automotive revenue was approximately $96.7 billion, while its energy revenue was around $8.5 billion. This means that the majority of Tesla's revenue comes from sales of its electric vehicles (EVs).

1. **Automotive Revenue Dominance**: Tesla's automotive sales accounted for about 81.1% of its total revenue in 2023. This highlights the substantial contribution of the automotive segment to the company's overall revenue.
2. **Energy Revenue Growth**: Despite being a smaller portion of the total, Tesla's energy generation and storage segment has shown significant growth. In Q2 2024, the energy segment's revenue reached a new high of $3 billion, an increase from $1.5 billion in Q2 2023. This indicates a strong and growing revenue stream outside of automotive sales.
3. **Revenue Segmentation**: Tesla's revenue can be segmented into automotive and energy generation & storage. The automotive segment includes EV sales and the sale of automotive regulatory credits, while the energy segment encompasses solar energy generation and energy storage products.

In conclusion, while Tesla's automotive revenue is much higher than its energy revenue, the energy segment has shown promising growth and is likely to play an increasingly important role in Tesla's future revenue streams.