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Tesla's energy-storage business was the highlight of its blowout earnings, and Elon Musk says it's 'growing like wildfire'

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Revenue for Tesla 's energy-generation-and-storage business was nearly $2.4 billion in the third quarter of 2024 .

That's a big jump compared with revenue from Tesla 's automotive sales, which rose by 2% .

The energy business's revenue so far this year exceeds $7 billion , meaning it accounts for nearly 10% of Tesla 's total revenue.