As Tesla, Inc.‘s TSLA core electric-vehicle manufacturing business goes through a downturn, bullish analysts began to flaunt the company’s energy storage business as the next big revenue driver. But GLJ Research’s Gordon Johnson on Monday questioned the merits of this thesis.
What Happened: “How, possibly, is TSLA’s battery assembly business, with ~20% gross margins and ~$5.7bn in annualized revenues, worth hundreds of billions of dollars when… global battery…
Comments are closed