Unlike SolarEdge (NASDAQ:SEDG) which used to be one of its collaborators and the world’s largest utility company, NextEra Energy (NYSE:NEE), Tesla (NASDAQ:TSLA) is still very much an automaker despite its ambition to become a “global decentralized electric utility”. CEO Elon Musk always insists on Tesla being a tech company, or more recently, an AI-company with its energy division eventually being an equal or exceeding its automotive division.
That is still a dream far from reality considering that during the last quarter, Tesla Energy brought in revenue of $616 million out of the total $18.7 billion.
