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Tesla (NASDAQ:TSLA) shares are edging about 2% lower today, extending Friday’s 5.5% slide.
Tesla's energy storage deployments fell to 8.8 GWh, missing expectations of 14.4 GWh.
KEY POINTS
- This marks the first year-over-year decline in Tesla's energy storage business since 2022.
- Morgan Stanley's Andrew Percoco attributes the storage miss to timing issues, not structural weakness.
- Tesla plans to launch robotaxi fleets in Austin and seven more cities by end of June.
COMPANIES
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