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Larson: 'Pretty ironic' to share front row with Buescher

Larson: 'Pretty ironic' to share front row with Buescher

Yahoo11-05-2025

Connor Zilisch wants to 'see team do well' with Larson at Texas
Connor Zilisch provides an update on his back injury that sidelined him for this weekend's Xfinity Series race and reacts to Kyle Larson subbing for him in the No. 88 JR Motorsports Chevrolet at Texas.

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Tesla's Energy Storage Business Is Quietly Growing at Triple-Digit Rates. Is This the Company's Next Growth Engine?
Tesla's Energy Storage Business Is Quietly Growing at Triple-Digit Rates. Is This the Company's Next Growth Engine?

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Tesla's Energy Storage Business Is Quietly Growing at Triple-Digit Rates. Is This the Company's Next Growth Engine?

Tesla's energy division more than doubled its storage deployments in 2024, and triple-digit growth has continued this year. The company's energy business is becoming a core growth engine rather than a side project. Demand for artificial intelligence infrastructure is providing a lift to Tesla's energy storage sales. These 10 stocks could mint the next wave of millionaires › After years of being viewed as an intriguing side project, Tesla's (NASDAQ: TSLA) energy business is starting to look like the electric-car company's most underappreciated growth engine. In 2024, energy storage deployments surged, and gross profit from the segment hit new highs. And momentum hasn't slowed. Based on Tesla's first-quarter 2025 results, the division is on pace for another record-breaking year. For investors still focused solely on Tesla vehicles like its best-selling Model Y and flashy Cybertruck, it may be time to widen the lens. Tesla's energy business delivered stunning results in 2024. Total energy generation and storage revenue jumped 67% year over year to more than $10 billion. After deploying 14.7 gigawatt hours (GWh) of storage in 2023, Tesla more than doubled this figure to 31.4 GWh in 2024. Growth like this doesn't just spotlight demand -- it highlights exceptional product-market fit and suggests there's likely a long runway ahead. More importantly, Tesla's energy business, including both solar and energy storage sales, is becoming far more profitable. Energy segment gross profit reached $2.6 billion last year -- far more than the $1.1 billion it posted in 2023. For further context, Tesla's energy business generated less than $300 million in gross profit in 2022. The division has gone from a long-term moonshot bet to a viable earnings contributor in just a few years. Much of Tesla's momentum in its energy storage business comes from its Megapack product -- a grid-scale battery storage solution designed for utilities and large-scale commercial customers. The company is producing Megapacks at its dedicated Lathrop, California, facility, and recently started production at a second Megapack factory in Shanghai, with a target production of up to 40 GWh of capacity per year. Of course, Tesla also has a product for residential customers called Powerwall. Though Powerwall deployments are smaller than Megapack, the product's importance shouldn't be underestimated. "We achieved a fourth sequential record for Powerwall deployments," Tesla said in its first-quarter update in April, "crossing 1 GWh for the first time, and continue to be supply constrained." Speaking of Tesla's first-quarter momentum in energy storage, total energy storage deployment during the period skyrocketed 154% year over year to 10.4 GWh. Revenue from energy generation and storage grew 67% year over year to $2.7 billion. In its first-quarter update, Tesla attributed some of its massive growth to rising demand for artificial intelligence (AI). AI infrastructure is driving rapid load growth, which, along with traditional utility customer applications, is creating an outsized opportunity for our Energy storage products to stabilize the grid, shift energy when it is needed most and provide additional power capacity. Of course, investors still need to keep their expectations in check. Though Tesla is the most aggressive and scaled player in the space, there's a risk that a business like this becomes commoditized over time as other players ramp up their efforts in the space. Additionally, management said in its first-quarter update that the current tariff environment has a "relatively larger impact" on its energy business than it does on its automotive business. Still, Tesla's staggering momentum in the segment is hard to ignore. Investors have long been willing to give Tesla a premium valuation based on its disruptive potential. But in recent years, that bet has rested almost entirely on the company's vehicle business. Now, a second act is emerging. Tesla's energy division is growing rapidly, becoming more profitable, and gaining strategic importance. It's taking some pressure off Tesla's automotive business. If Tesla's energy business continues to scale at its current pace, it won't just be a "nice-to-have" division. It will be one of the company's most important growth levers. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $368,035!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,503!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $668,538!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 2, 2025 Daniel Sparks and/or his clients have positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Tesla's Energy Storage Business Is Quietly Growing at Triple-Digit Rates. Is This the Company's Next Growth Engine? was originally published by The Motley Fool Sign in to access your portfolio

Magic Johnson Brings Back NBA Playoffs Claim After Pacers' Win
Magic Johnson Brings Back NBA Playoffs Claim After Pacers' Win

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Magic Johnson Brings Back NBA Playoffs Claim After Pacers' Win

Magic Johnson Brings Back NBA Playoffs Claim After Pacers' Win originally appeared on Athlon Sports. The Indiana Pacers have been the little engine that could throughout this year's NBA playoffs. They finished a modest fourth place in the Eastern Conference during the regular season, but over the last several weeks, they have turned into a growing nightmare. Advertisement They upset the Cleveland Cavaliers, who had won 64 games, in the second round of the playoffs, and they then brushed past the New York Knicks, who had just knocked off the defending NBA champion Boston Celtics. Coming into the NBA Finals against the mighty Oklahoma City Thunder, Indiana wasn't given much of a chance. But the legendary Magic Johnson warned that the Thunder "should be worried" about Indiana in a post on X on Wednesday. Sure enough, the team erased a 15-point fourth-quarter deficit and took Game 1 of the championship series on a game-winning jumper by Tyrese Haliburton. Johnson took to X afterward to remind everyone of the Pacers' prowess on the road in the postseason this year. "Remember what I said… the Pacers beat every team they've faced on the road during the Playoffs and they kept that streak going tonight against OKC!" Johnson wrote. Game 1 of the finals continues a pattern of the Pacers coming from behind in the final minutes to steal a game on the road early in a series. Indiana Pacers' point guard Tyrese Haliburton© Trevor Ruszkowski-Imagn Images They came back after being down 119-112 with less than a minute left in Game 2 versus Cleveland to win on a 3-pointer by Haliburton just before time expired. Advertisement Then, in Game 1 of the Eastern Conference finals, they bounced back from a double-digit deficit with less than three minutes left in the fourth quarter and forced overtime on a buzzer-beater by Haliburton that bounced high off the rim and went through the net. They then prevailed in overtime by three points. Now, after Thursday's shocking win over the Thunder, the Pacers winning their first NBA championship is a distinct possibility. This story was originally reported by Athlon Sports on Jun 6, 2025, where it first appeared.

Former Flyer Obi Toppin helps Pacers comeback, win Game 1
Former Flyer Obi Toppin helps Pacers comeback, win Game 1

Yahoo

time17 minutes ago

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Former Flyer Obi Toppin helps Pacers comeback, win Game 1

A former University of Dayton men's basketball star helped the Indiana Pacers stun Oklahoma City in Game 1 of the 2025 NBA Finals. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Obi Toppin came off the bench and scored 17 points for the Pacers. Tyrese Halliburton's buried the game-winning jumper with less than a second to go in a 111-110 victory. Advertisement The Pacers lead the Thunder, 1-0, in the best-of-seven series. Game 2 will be Sunday night in Oklahoma. TRENDING STORIES: Oklahoma City led by as much as 15 points in the fourth quarter as the Pacers turned it over 25 times, including 19 in the first half. Indiana scored 66 second-half points, including 35 in the fourth quarter. Toppin scored 11 of his 17 points in the second half. 'I feel like we can win every single game. If we lose a game, it's really our fault and mistakes,' he said. Toppin said the Pacers have work to do on some things after the 19 first-half turnovers. 'We got a win in the Finals and got three more to go,' he added. Advertisement NBA MVP Shai Gilgeous-Alexander led Oklahoma City with 38 points. 'We had control of the game for the most part,' Gilgeous-Alexander said. 'Now, it's a 48-minute game. And they teach you that lesson more than anyone else in the league — the hard way.' Game 2 will be Sunday, June 8, at Paycom Center in Oklahoma City at 8 p.m. The Associated Press contributed to this story [SIGN UP: WHIO-TV Daily Headlines Newsletter]

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