Tesla's energy storage business is expected to surpass its electric vehicle business

According to the fourth quarter earnings conference last year, Tesla CEO Elon Musk said that by 2024, the growth rate of Tesla's energy storage business will exceed that of its electric vehicle business. Although Tesla's energy storage brand is not as well-known as Tesla's electric vehicles at the consumer level, its shipments have consistently ranked among the top five in the world, making it a leader in the international energy storage industry.