Tesla CEO Elon Musk forecast that the company’s energy business will eventually be the same size as— or even bigger than — its automotive sector, the latest sign that the company plans to put more time and resources to scaling up its solar and storage products.

“It could be bigger, but it will certainly be of a similar magnitude,” Musk said during an earnings call Wednesday. The company surprised Wall Street by reporting a return to profitability in the third quarter.

The bulk...

Continue Reading Elon Musk predicts Tesla energy could be ‘bigger’ than its EV business