Shares of Tesla 
TSLA dipped about 2% on Friday morning as investors weighed fresh commentary on the company’s energy business and broader demand tied to the rapid expansion of artificial intelligence data centers.
The move followed a report from William Blair analyst Jed Dorsheimer, who reviewed global data-center construction trends and said demand for new facilities remains elevated. His tracking database shows more than 2,100 planned or announced projects, up about eight percent from the prior month, with total capacity in the pipeline estimated at roughly 174 gigawatts.
Growing artificial-intelligence infrastructure could translate into rising electricity demand, creating opportunities for companies involved in energy storage and power generation. Dorsheimer highlighted Tesla’s Megapack battery systems, which help utilities manage power demand spikes and provide backup electricity for large facilities such as data centers.
The analyst estimated Tesla’s energy segment could be worth roughly $31 per share, or about $120 billion. Even so, he maintained a Hold rating on the stock, indicating expectations that shares may track broader market performance rather than outperform in the near term.
