Analyst Jed Dorsheimer believes Tesla is creating an 'Apple-esque' energy ecosystem through its diverse offerings in robotics, vehicles, energy storage, and software.
Dorsheimer predicts that as growth in Tesla's electric vehicle business moderates, the focus should shift towards its underappreciated energy storage solutions like the Powerwall and Megapack.
In the second quarter of 2024, Tesla reported a 100% increase in its energy storage and generation business, which accounted for 12% of total sales.
Dorsheimer’s BUY rating indicates expectations for Tesla stock to outperform the market, reflecting confidence in the company's comprehensive energy strategy.
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