diff --git a/src/components/entity/ha-statistic-picker.ts b/src/components/entity/ha-statistic-picker.ts
index 39ef6a8768d4..3e71beff6285 100644
--- a/src/components/entity/ha-statistic-picker.ts
+++ b/src/components/entity/ha-statistic-picker.ts
@@ -1,11 +1,16 @@
 import type { RenderItemFunction } from "@lit-labs/virtualizer/virtualize";
-import { mdiChartLine, mdiHelpCircleOutline, mdiShape } from "@mdi/js";
+import {
+  mdiChartLine,
+  mdiHelpCircleOutline,
+  mdiPencil,
+  mdiShape,
+} from "@mdi/js";
 import type { HassEntity } from "home-assistant-js-websocket";
 import { html, LitElement, nothing, type PropertyValues } from "lit";
 import { customElement, property, query } from "lit/decorators";
 import memoizeOne from "memoize-one";
 import { ensureArray } from "../../common/array/ensure-array";
-import { fireEvent } from "../../common/dom/fire_event";
+import { type HASSDomEvent, fireEvent } from "../../common/dom/fire_event";
 import { computeEntityNameList } from "../../common/entity/compute_entity_name_display";
 import { computeStateName } from "../../common/entity/compute_state_name";
 import { computeRTL } from "../../common/util/compute_rtl";
@@ -53,6 +58,16 @@ const SEARCH_KEYS = [
   { name: "id", weight: 2 },
 ];
 
+export interface StatisticElementChangedEvent {
+  statisticId: string;
+}
+
+declare global {
+  interface HASSDomEvents {
+    "edit-statistics-element": StatisticElementChangedEvent;
+  }
+}
+
 @customElement("ha-statistic-picker")
 export class HaStatisticPicker extends LitElement {
   @property({ attribute: false }) public hass!: HomeAssistant;
@@ -130,6 +145,8 @@ export class HaStatisticPicker extends LitElement {
 
   @query("ha-generic-picker") private _picker?: HaGenericPicker;
 
+  @property({ attribute: "can-edit", type: Boolean }) public canEdit?: boolean;
+
   public willUpdate(changedProps: PropertyValues<this>) {
     if (
       (!this.hasUpdated && !this.statisticIds) ||
@@ -341,6 +358,15 @@ export class HaStatisticPicker extends LitElement {
       ${item.secondary
         ? html`<span slot="supporting-text">${item.secondary}</span>`
         : nothing}
+      ${this.canEdit
+        ? html`<ha-icon-button
+            slot="end"
+            .value=${statisticId}
+            .label=${this.hass.localize("ui.common.edit")}
+            .path=${mdiPencil}
+            @click=${this._editItem}
+          ></ha-icon-button>`
+        : nothing}
     `;
   }
 
@@ -350,6 +376,12 @@ export class HaStatisticPicker extends LitElement {
 
   private _valueRenderer: PickerValueRenderer = this._makeValueRenderer();
 
+  private _editItem(ev: HASSDomEvent<StatisticElementChangedEvent>) {
+    ev.stopPropagation();
+    const statisticId = (ev.currentTarget as any).value;
+    fireEvent(this, "edit-statistics-element", { statisticId });
+  }
+
   private _computeItem(statisticId: string): StatisticComboBoxItem {
     const stateObj = this.hass.states[statisticId];
 
diff --git a/src/components/entity/ha-statistics-picker.ts b/src/components/entity/ha-statistics-picker.ts
index d8dedfa9e77a..b919d191cff6 100644
--- a/src/components/entity/ha-statistics-picker.ts
+++ b/src/components/entity/ha-statistics-picker.ts
@@ -1,9 +1,10 @@
 import { css, html, LitElement, nothing } from "lit";
 import { customElement, property } from "lit/decorators";
 import { repeat } from "lit/directives/repeat";
-import { fireEvent } from "../../common/dom/fire_event";
+import { type HASSDomEvent, fireEvent } from "../../common/dom/fire_event";
 import type { ValueChangedEvent, HomeAssistant } from "../../types";
 import "./ha-statistic-picker";
+import type { StatisticElementChangedEvent } from "./ha-statistic-picker";
 
 @customElement("ha-statistics-picker")
 class HaStatisticsPicker extends LitElement {
@@ -59,6 +60,8 @@ class HaStatisticsPicker extends LitElement {
   })
   public ignoreRestrictionsOnFirstStatistic = false;
 
+  @property({ attribute: "can-edit", type: Boolean }) public canEdit?;
+
   protected render() {
     if (!this.hass) {
       return nothing;
@@ -99,7 +102,9 @@ class HaStatisticsPicker extends LitElement {
               .statisticIds=${this.statisticIds}
               .excludeStatistics=${this.value}
               .allowCustomEntity=${this.allowCustomEntity}
+              .canEdit=${this.canEdit}
               @value-changed=${this._statisticChanged}
+              @edit-statistics-element=${this._editItem}
             ></ha-statistic-picker>
           </div>
         `
@@ -122,6 +127,17 @@ class HaStatisticsPicker extends LitElement {
     `;
   }
 
+  private _editItem(ev: HASSDomEvent<StatisticElementChangedEvent>) {
+    const statisticId = ev.detail.statisticId;
+    const index = this._currentStatistics!.findIndex((e) => e === statisticId);
+    fireEvent(this, "edit-detail-element", {
+      subElementConfig: {
+        index,
+        type: "row",
+      },
+    });
+  }
+
   private get _currentStatistics() {
     return this.value || [];
   }
diff --git a/src/panels/lovelace/editor/config-elements/hui-statistics-graph-card-editor.ts b/src/panels/lovelace/editor/config-elements/hui-statistics-graph-card-editor.ts
index 7739890a2f1f..adb0733842aa 100644
--- a/src/panels/lovelace/editor/config-elements/hui-statistics-graph-card-editor.ts
+++ b/src/panels/lovelace/editor/config-elements/hui-statistics-graph-card-editor.ts
@@ -15,7 +15,10 @@ import {
   union,
 } from "superstruct";
 import { ensureArray } from "../../../../common/array/ensure-array";
-import { fireEvent } from "../../../../common/dom/fire_event";
+import {
+  type HASSDomEvent,
+  fireEvent,
+} from "../../../../common/dom/fire_event";
 import type { LocalizeFunc } from "../../../../common/translations/localize";
 import { deepEqual } from "../../../../common/util/deep-equal";
 import { supportedStatTypeMap } from "../../../../components/chart/statistics-chart";
@@ -32,13 +35,19 @@ import {
   isExternalStatistic,
   statisticsMetaHasType,
 } from "../../../../data/recorder";
+import type { EntityConfig } from "../../entity-rows/types";
 import type { HomeAssistant } from "../../../../types";
 import { DEFAULT_DAYS_TO_SHOW } from "../../cards/hui-statistics-graph-card";
-import type { StatisticsGraphCardConfig } from "../../cards/types";
+import type {
+  GraphEntityConfig,
+  StatisticsGraphCardConfig,
+} from "../../cards/types";
 import { processConfigEntities } from "../../common/process-config-entities";
 import type { LovelaceCardEditor } from "../../types";
+import "../hui-sub-element-editor";
 import { baseLovelaceCardConfig } from "../structs/base-card-struct";
 import { graphEntitiesConfigStruct } from "../structs/entities-struct";
+import type { EditDetailElementEvent, SubElementEditorConfig } from "../types";
 import { orderPropertiesGraphCard } from "./order-properties/order-properties-graph";
 
 const statTypeStruct = union([
@@ -114,6 +123,8 @@ export class HuiStatisticsGraphCardEditor
 
   @state() private _metaDatas?: StatisticsMetaData[];
 
+  @state() private _subElementEditorConfig?: SubElementEditorConfig;
+
   public setConfig(config: StatisticsGraphCardConfig): void {
     assert(config, cardConfigStruct);
     this._config = config;
@@ -334,11 +345,54 @@ export class HuiStatisticsGraphCardEditor
     }
   );
 
+  private _subForm = memoizeOne((localize: LocalizeFunc) => ({
+    schema: [
+      { name: "entity", required: true, selector: { statistic: {} } },
+      {
+        name: "name",
+        selector: { entity_name: {} },
+        context: {
+          entity: "entity",
+        },
+      },
+      {
+        name: "color",
+        selector: { ui_color: {} },
+      },
+    ] as const,
+    computeLabel: (item: HaFormSchema) => {
+      switch (item.name) {
+        case "entity":
+          return localize(
+            "ui.panel.lovelace.editor.card.statistics-graph.picked_statistic"
+          );
+        case "name":
+        case "color":
+          return localize(`ui.panel.lovelace.editor.card.generic.${item.name}`);
+        default:
+          return undefined;
+      }
+    },
+  }));
+
   protected render() {
     if (!this.hass || !this._config) {
       return nothing;
     }
 
+    if (this._subElementEditorConfig) {
+      return html`
+        <hui-sub-element-editor
+          .hass=${this.hass}
+          .config=${this._subElementEditorConfig}
+          .form=${this._subForm(this.hass.localize)}
+          @go-back=${this._goBack}
+          @config-changed=${this._handleSubEntityChanged}
+        >
+        </hui-sub-element-editor>
+      `;
+    }
+
     const schema = this._schema(
       this.hass.localize,
       this._configEntities,
@@ -388,11 +442,29 @@ export class HuiStatisticsGraphCardEditor
         .ignoreRestrictionsOnFirstStatistic=${true}
         .value=${this._configEntities}
         .configValue=${"entities"}
+        can-edit
         @value-changed=${this._entitiesChanged}
+        @edit-detail-element=${this._editDetailElement}
       ></ha-statistics-picker>
     `;
   }
 
+  private _goBack(): void {
+    this._subElementEditorConfig = undefined;
+  }
+
+  private _editDetailElement(ev: HASSDomEvent<EditDetailElementEvent>): void {
+    const index = ev.detail.subElementConfig.index!;
+    let elementConfig = this._config!.entities[index];
+    if (typeof elementConfig === "string") {
+      elementConfig = { entity: elementConfig };
+    }
+    this._subElementEditorConfig = {
+      ...ev.detail.subElementConfig,
+      ...{ elementConfig: elementConfig as EntityConfig },
+    };
+  }
+
   private _valueChanged(ev: CustomEvent): void {
     const config = this._orderProperties(ev.detail.value);
     fireEvent(this, "config-changed", { config });
@@ -410,15 +482,66 @@ export class HuiStatisticsGraphCardEditor
     });
 
     let config = { ...this._config!, entities: newEntities };
+
+    // remove inappropriate stat options dependently on entities
+    config = await this._cleanConfig(config);
+    // normalize a generated yaml code
+    config = this._orderProperties(config);
+
+    fireEvent(this, "config-changed", {
+      config,
+    });
+  }
+
+  private async _handleSubEntityChanged(ev: CustomEvent): Promise<void> {
+    ev.stopPropagation();
+
+    // get updated entity config
+    const newEntityConfig = ev.detail.config as GraphEntityConfig;
+
+    // update card config with updated entity config
+    const index = this._subElementEditorConfig!.index!;
+    const newEntities = [...this._config!.entities];
+    newEntities[index] = newEntityConfig;
+    let config = this._config!;
+    config = { ...config, entities: newEntities };
+
+    // remove inappropriate stat options dependently on entities
+    config = await this._cleanConfig(config);
+    // normalize a generated yaml code
+    config = this._orderProperties(config);
+    this._config = config;
+
+    // update sub-element editor config
+    this._subElementEditorConfig = {
+      ...this._subElementEditorConfig!,
+      elementConfig: {
+        ...(this._config!.entities[index] as GraphEntityConfig),
+      },
+    };
+
+    fireEvent(this, "config-changed", { config });
+  }
+
+  // remove inappropriate stat options dependently on entities
+  private async _cleanConfig(
+    config: StatisticsGraphCardConfig
+  ): Promise<StatisticsGraphCardConfig> {
+    const entityIds = config.entities.map((entityConf) => {
+      if (typeof entityConf === "string") {
+        return entityConf;
+      }
+      return entityConf.entity ?? undefined;
+    });
     if (
-      newEntityIds?.some((statistic_id) => isExternalStatistic(statistic_id)) &&
+      entityIds.some((statistic_id) => isExternalStatistic(statistic_id)) &&
       config.period === "5minute"
     ) {
       delete config.period;
     }
     const metadata =
       config.stat_types || config.unit
-        ? await getStatisticMetadata(this.hass!, newEntityIds)
+        ? await getStatisticMetadata(this.hass!, entityIds)
         : undefined;
     if (config.stat_types && config.entities.length) {
       config.stat_types = ensureArray(config.stat_types).filter((stat_type) =>
@@ -438,10 +561,8 @@ export class HuiStatisticsGraphCardEditor
     ) {
       delete config.unit;
     }
-    config = this._orderProperties(config);
-    fireEvent(this, "config-changed", {
-      config,
-    });
+
+    return config;
   }
 
   // normalize a generated yaml code by placing lines in a consistent order