Tesla Energy Storage Emerges as Top Growth Driver With $9B Megapack Orders

Tesla's energy storage business has accelerated sharply since mid-June, validating its role as a major revenue engine beyond EVs. The story began June 16 with a non-binding YPF letter of intent in Argentina for charging and storage infrastructure. Momentum built rapidly with a June 23 NatPower agreement for an initial 25 GWh Megapack rollout across Italy and the UK, part of a program exceeding 100 GWh and projected to generate over $15 billion in revenue. A June 24 framework with Sunrun added 16 GW of distributed capacity for data centers. The quarter closed with 13.5 GWh deployed and fresh orders topping $9 billion in just six weeks.