Despite media attention focusing mostly on sales of Tesla's Model 3 car, the company's performance in both solar energy and electricity storage contributed significantly to its $312m Q3 net income. Tesla reported a profit of $489m, or $1.08 per share, compared with $415m, or $0.78 per share last year. The company also added 239 MWh of battery storage, up 18% QoQ and 118% YoY.
Despite media attention focusing mostly on sales of Tesla's Model 3 car, the company's performance in both solar energy and electricity storage contributed significantly to its $312m Q3 net income. Solar deployments amounted to 93 MW over the period, an 11% QoQ increase, and may make it the best quarter to date for Tesla's solar business, according to CEO Elon Musk. The company also added 239 MWh of battery storage, up 18% QoQ and 118% YoY.