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Tesla Energy Revenue Falls 16% on Tariff Refunds Despite Higher Battery Storage Deployments

Tesla's energy generation and storage revenue dropped 16% year-over-year to $2.88 billion in Q3 2026, even as storage deployments rose 10% to 13.7 GWh. The company attributed part of the decline to tariff-related customer refunds, without disclosing amounts or recipients, while gross margin recovered to 33.1%.