Tesla’s core segment, reached $19.96 billion in the quarter, up 18% from last year.

Automotive revenue, Tesla’s core segment, reached $19.96 billion in the quarter, up 18% from last year. Total revenue rose 24%.

Tesla Energy revenue soared to $1.53 billion, up 148% compared with the same period last year. Tesla’s energy storage systems deployment increased to 3.9 gigawatt-hours, or by 360%, the company said

The company cut prices on its vehicles at the end of last year and into the first quarter of 2023.