"Its contribution to the company's valuation should not be underestimated. Rapid growth in deployments and gross margins exceeding those of the Automotive business have begun shifting attention to this component of the company and raised the question of the Energy segment's contribution to TSLA's valuation."
"Utility-scale has been viewed by many in the space as one of the brightest spots for renewables in recent past, and we agree. The headwinds of higher interest rates and high upfront costs for many renewable technologies have been more easily absorbed by large developers than individuals."
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