With rapid growth in deployments and gross margins that exceed those of the automotive business, Tesla Energy is becoming a significant factor in stock analysis.
The energy division contributed to an adjustment in price targets, moving from $36 to $50 per share according to Morgan Stanley's latest analysis.
Tesla's energy division reports show a deployment of 9.4 GWh in Q2, prompting analysts to recognize its rising prominence in the company's overall valuation.
Analysts are now factoring in the energy division's growth, indicating that it could equate to roughly $41 per share, reflecting its increasing importance.
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