TechCrunch
Tesla’s solar installs drop, but battery business is booming
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. Although high interest rates slowed solar growth in some markets, Tesla’s shrinkage came as the United States notched a record year overall; the U.S. added 33 gigawatts of solar capacity in 2023, per estimates from SEIA, a solar industry group. It was a bad year for Tesla solar — its worst since 2020.