

Energy
‘Buy Tesla’: Goldman Sachs defines investments as the Age of Oil closes
Goldman Sachs is preparing for the lapse of the Age of Oil, predicting big gains for the companies that continue to help expand the footprint of sustainable energy. As the world begins to move away from petrol-based fuels and favor renewable sources of energy, Goldman Sachs is allowing investors to look at some of the companies that are leading the charge in specific sectors, especially automotive, where Tesla has established itself as one of the more favorable investment opportunities for those who want to support electrification in ways outside of simply purchasing products. However, Tesla isn’t the only car company that is listed, and cars are not the only topic that Goldman analysts are bullish on as the Age of Oil begins its imminent demise.
“We remain above consensus on oil demand forecasts through 2025, and we still do not forecast peak oil demand this decade, though we expect oil demand growth beyond 2025 to be anemic, mainly due to electrification,” a team of Goldman Sachs analysts wrote in the sixth installment of the Future of Energy Demand Series. “We now expect transport oil to peak in 2026, but we see robust growth for petrochemicals and jet fuel offsetting declines in transport demand in 2025-2030.”
Goldman Sachs on The Future of Energy Demand ??
“Buy Tesla”$TSLA pic.twitter.com/H8lXZGwnyV
— David Tayar (@davidtayar5) April 14, 2021
Likely expected, commercial travel is going to be the largest hoop to jump through in the fight to decrease the usage of fossil fuels. Global logistics, travel, and business all currently depend on fossil fuels to keep things moving globally. Still, some companies are attempting to reduce their carbon footprint by experimenting with small-scale projects. UPS, for example, recently purchased all-electric Vertical Takeoff and Landing (eVTOL) drones that can help with deliveries. The BETA aircraft that UPS is experimenting with is capable of carrying 1,400 pounds of cargo with 250 miles of range. “This is all about innovation with a focus on returns for our business, our customers, and the environment,” Juan Perez, UPS Chief Information and Engineering Officer said.
The biggest disruptions for the global oil and petrol market come where electrification is becoming a more favorable option. The largest disruptions occur in the passenger vehicle market, where companies like Tesla and Volkswagen are Goldman’s biggest picks. The analysts see growing profit pools for the EV value change in these companies over the long term, especially as they are currently the two most-talked-about forces in the global electric car sector. Tesla’s Model 3 and Model Y are continuing to be two of the world’s most popular electric vehicles, while Volkswagen is rolling out its ID. family of vehicles that have been highly effective for many, despite some complaints about software.
Interestingly, Tesla’s energy side is still a relatively unmentioned player in the solar sector. It is rarely mentioned when analysts break down price targets for the company, even though its solar, battery, and energy storage products are among the most effective and affordable in the United States. Chamath Palihapitiya says some of the biggest gains in Tesla’s stock could come through its energy business.
Tesla Energy gets optimistic outlook from board member Kimbal Musk
“There are trillions of dollars of bonds, of CAPEX, of value sitting inside the energy generation infrastructure of the world, that is going to go upside down. When that goes pear-shaped, Tesla will double and triple again,” Palihapitiya said in January.
Nevertheless, the Age of Oil is slowly but surely coming to a close. The companies that continue to push their sustainable forms of energy are expected to come out as big winners, leaving fossil fuel and petrol-dependent companies on the backburner for the next several decades.
Disclosure: Joey Klender is a TSLA Shareholder.
Energy
Tesla’s new Megablock system can power 400,000 homes in under a month
Tesla also unveiled the Megapack 3, the latest iteration of its flagship utility scale battery.

Tesla has unveiled the Megablock and Megapack 3, the latest additions to its industrial-scale battery storage solution lineup.
The products highlight Tesla Energy’s growing role in the company, as well as the division’s growing efforts to provide sustainable energy solutions for industrial-scale applications.
Megablock targets speed and scale
During the “Las Megas” event in Las Vegas, Tesla launched Megablock, a pre-engineered medium-voltage block designed to integrate Megapack 3 units in a plug-and-play system. Capable of 20 MWh AC with a 25-year life cycle and more than 10,000 cycles, the Megablock could achieve 91% round-trip efficiency at medium voltage, inclusive of auxiliary loads.
Tesla emphasized that Megablock can be installed 23% faster with up to 40% lower construction costs. The platform eliminates above-ground cabling through a new flexible busbar assembly and delivers site-level density of 248 MWh per acre. With Megablock, Tesla is also aiming to commission 1 GWh in just 20 business days, or enough to power 400,000 homes in less than a month.
“With Megablock, we are targeting to commission 1 GWh in 20 business days, which is the equivalent of bringing power to 400,000 homes in less than a month. It’s crazy. How are we planning to do that? Like most things at Tesla, we are ruthlessly attacking every opportunity to save our customers time, simplify the process, remove steps, (and) automate as much as we can,” the company said.
Megapack 3 is all about simplicity
The Megapack 3 is Tesla’s next-generation utility battery, designed with a simplified architecture that cuts 78% of connections compared to the previous version. Its thermal bay is drastically simplified, and it uses a Model Y heat pump on steroids. The battery weighs about 86,000 pounds and holds 5 MWh of usable AC energy. Tesla engineers incorporated a larger battery module and a new 2.8-liter LFP cell co-developed with the company’s cell team.
The Megapack 3 is designed for serviceability, and it features easier front access and no roof penetrations. About 75% of Megapack 3’s total mass is battery cells, with individual modules weighing as much as a Cybertruck. It’s also tough, with an ambient operating temperature range from -40C to 60C. This should allow the Megapack 3 to operate optimally from the coldest to the hottest regions on the planet.
Production is set to begin at Tesla’s Houston Megafactory in late 2026, with planned capacity of 50 GWh per year. Additional supply will come from Tesla’s 7 GWh LFP facility in Nevada, which is expected to open in 2025, as well as with third-party partners.
Energy
Tesla Energy is the world’s top global battery storage system provider again
Tesla Energy captured 15% of the battery storage segment’s global market share in 2024.

Tesla Energy held its top position in the global battery energy storage system (BESS) integrator market for the second consecutive year, capturing 15% of global market share in 2024, as per Wood Mackenzie’s latest rankings.
Tesla Energy’s lead, however, is shrinking, as Chinese competitors like Sungrow are steadily increasing their global footprint, particularly in European markets.
Tesla Energy dominates in North America, but its lead is narrowing globally
Tesla Energy retained its leadership in the North American market with a commanding 39% share in 2024. Sungrow, though still ranked second in the region, saw its share drop from 17% to 10%. Powin took third place, even if the company itself filed for bankruptcy earlier this year, as noted in a Solar Power World report.
On the global stage, Tesla Energy’s lead over Sungrow shrank from four points in 2023 to just one in 2024, indicating intensifying competition. Chinese firm CRRC came in third worldwide with an 8% share.
Wood Mackenzie ranked vendors based on MWh shipments with recognized revenue in 2024. According to analyst Kevin Shang, “Competition among established BESS integrators remains incredibly intense. Seven of the top 10 vendors last year struggled to expand their market share, remaining either unchanged or declining.”

Chinese integrators surge in Europe, falter in U.S.
China’s influence on the BESS market continues to grow, with seven of the global top 10 BESS integrators now headquartered in the country. Chinese companies saw a 67% year-over-year increase in European market share, and four of the top 10 BESS vendors in Europe are now based in China. In contrast, Chinese companies’ market share in North America dropped more than 30%, from 23% to 16% amid Tesla Energy’s momentum and the Trump administration’s policies.
Wood Mackenzie noted that success in the global BESS space will hinge on companies’ ability to adapt to divergent regulations and geopolitical headwinds. “The global BESS integrator landscape is becoming increasingly complex, with regional trade policies and geopolitical tensions reshaping competitive dynamics,” Shang noted, pointing to Tesla’s maintained lead and the rapid ascent of Chinese rivals as signs of a shifting industry balance.
“While Tesla maintains its global leadership, the rapid rise of Chinese integrators in Europe and their dominance in emerging markets like the Middle East signals a fundamental shift in the industry. Success will increasingly depend on companies’ ability to navigate diverse regulatory environments, adapt to local market requirements, and maintain competitive cost structures across multiple regions,” the analyst added.
Energy
Tesla inks multi-billion-dollar deal with LG Energy Solution to avoid tariff pressure
Tesla has reportedly secured a sizable partnership with LGES for LFP cells, and there’s an extra positive out of it.

Tesla has reportedly inked a multi-billion-dollar deal with LG Energy Solution in an effort to avoid tariff pressure and domesticate more of its supply chain.
Reuters is reporting that Tesla and LGES, a South Korean battery supplier of the automaker, signed a $4.3 billion deal for energy storage system batteries. The cells are going to be manufactured by LGES at its U.S. factory located in Michigan, the report indicates. The batteries will be the lithium iron phosphate, or LFP, chemistry.
Tesla delivers 384,000 vehicles in Q2 2025, deploys 9.6 GWh in energy storage
It is a move Tesla is making to avoid buying cells and parts from overseas as the Trump White House continues to use tariffs to prioritize domestic manufacturing.
LGES announced earlier today that it had signed a $4.3 billion contract to supply LFP cells over three years to a company, but it did not identify the customer, nor did the company state whether the batteries would be used in automotive or energy storage applications.
The deal is advantageous for both companies. Tesla is going to alleviate its reliance on battery cells that are built out of the country, so it’s going to be able to take some financial pressure off itself.
For LGES, the company has reported that it has experienced slowed demand for its cells in terms of automotive applications. It planned to offset this demand lag with more projects involving the cells in energy storage projects. This has been helped by the need for these systems at data centers used for AI.
During the Q1 Earnings Call, Tesla CFO Vaibhav Taneja confirmed that the company’s energy division had been impacted by the need to source cells from China-based suppliers. He went on to say that the company would work on “securing additional supply chain from non-China-based suppliers.”
It seems as if Tesla has managed to secure some of this needed domestic supply chain.
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