A recent analysis indicates Tesla, renowned for its electric vehicles, may be shifting focus from car manufacturing to becoming a key player in energy storage and electricity supply.
Chinese competitor BYD surpassed Tesla as the biggest global seller of EVs. Other competitors like Ford, Hyundai and Rivian are also catching up in the U.S. market.
As Tesla's EV's lose a share of the market, the company is diversifying from its EV roots to focus more on energy solutions like battery storage and electric grids.
Despite current challenges in its car business, Tesla's energy sector profits surged by 140% from last year.
With products like Megapacks and Powerwalls, the company aims to dominate the clean energy market.
Why this matters:
Tesla's strategic pivot could make it a central figure in the transition to renewable energy, impacting how electricity is delivered and stored. Their technological advancements in energy solutions might set the stage for broader adoption of clean energy.
Environmental groups slammed Elon Musk’s X app in a report Wednesday ranking social media platforms on their approach to climate change misinformation.
Natural disasters in Canada and California highlight how Mark Zuckerberg and Elon Musk have pulled back from the news, complicating emergency responses.
Some of the UK’s top scientists are struggling to deal with what they describe as a huge rise in abuse from climate crisis deniers on Twitter since the social media platform was taken over by Elon Musk last year.
