Assertion Contradicted AI assessment confidence: 95% certainty 4/5 debate potential 2/5

Garg: Half of Tesla's recent profits come from its energy business

Deepak Garg · Why This Founder Won’t Sell Zomato for 10 Years | India’s Top Consumer Tech Bet? · May 23, 2025 · at 42:29

Deepak Garg, founder of Rivigo, argues why Tesla should not be valued solely as an automotive manufacturer.

0:00 / 0:06exact quote · 6.2s

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“It is 50% of Tesla's profit actually the last few quarters have been from the energy business.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Fifty percent of Tesla's profits over recent quarters have come from its energy business.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Deepak Garg claimed on May 23, 2025, that 50% of Tesla's profits over recent quarters came from its energy business. According to Tesla, Inc.'s quarterly and annual SEC filings (Forms 10-Q and 10-K) for 2024 and Q1 2025, the Energy Generation and Storage segment accounted for between 10.9% and 24.9% of total gross profit in any given quarter (Q1 2024: 10.9%, Q2 2024: 16.2%, Q3 2024: 14.5%, Q4 2024: 18.5%, Q1 2025: 24.9%, and FY 2024 overall: 15.1%). Because the energy segment's contribution never approached 50% across any recent quarters leading up to May 2025, the statement materially overstates the segment's share of profits.

Tesla Q1 2025 Form 10-Q shows Energy Generation and Storage gross profit of $785 million out of $3,153 million total gross profit (24.9%).
Tesla FY 2024 Form 10-K shows Energy Generation and Storage gross profit of $2,640 million out of $17,450 million total gross profit (15.1%).
Quarterly gross profit share for the energy segment across 2024 ranged between 10.9% (Q1 2024) and 18.5% (Q4 2024).

Checked against

[1] sec.gov [2] sec.gov [3] sec.gov [4] sec.gov [5] scribd.com [6] sec.gov [7] sec.gov [8] sec.gov

Tesla quarterly gross profit by segment 2024 2025 10-Q "tsla-20240630" "Gross profit energy generation and storage segment" "Gross profit energy generation and storage segment" "tsla-20241231" Tesla Q4 2024 10-K gross profit energy generation storage automotive Tesla Q1 2025 10-Q gross profit energy segment automotive segment "Gross profit energy generation and storage segment" "Total gross profit" "tsla-20250331" Tesla Q3 2024 10-Q gross profit energy segment "tsla-20240930" "Gross profit energy generation and storage segment"

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

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