Megapack

EV giant Tesla Inc. (NASDAQ:TSLA) is reportedly looking to put up a third megafactory in Texas after starting production at its Shanghai facility in February. What Happened: Tesla will operate the facility out of two buildings at the Empire West Industrial Park near Houston, Bloomberg reported,...

Elon Musk-led EV giant Tesla Inc. (NASDAQ:TSLA) said on Monday that its newly built megafactory in Shanghai manufactured the first Megapack, boosting the company’s fast-growing energy storage segment. What Happened: The first megapack to have rolled off the production line at the Shanghai...

EV giant Tesla Inc. (NASDAQ:TSLA) will reportedly start production at its Shanghai megafactory on Feb. 11, less than a year after starting construction. What Happened: According to a report from local media outlet Shanghai Securities News, the megafactory in Shanghai, Tesla’s second globally...

EV giant Tesla Inc (NASDAQ:TSLA) on Monday said that its Megafactory in Lathrop, California has built its 10,000th Megapack, marking a significant milestone for the company in its energy storage segment. What Happened: “Congratulations to the Megafactory team in Lathrop, CA on building the 10...

EV giant Tesla Inc. (NASDAQ:TSLA) has promoted Micheal Snyder to the position of Vice President of Energy and Charging amid an ongoing leadership shuffle following the energy segment’s good performance in the third quarter. What Happened: Snyder updated his promotion via LinkedIn. Snyder...

EV giant Tesla Inc (NASDAQ:TSLA) has reportedly received approval from the Office of the Management Committee of Lingang New Area, China (Shanghai) Pilot Free Trade Zone, for its new megafactory project. What Happened: The project is located in Nanhui New Town, Pudong New Area, and will cover over...

Elon Musk‘s Tesla Inc. (NASDAQ:TSLA) said on Monday that more than 10 of the company’s Megapack sites operating in the Electric Reliability Council of Texas (ERCOT) ensured grid stability during the solar eclipse. What Happened: The Megapacks filled the energy void of over one...

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Wednesday said that the demand for its stationary energy storage products is “super high” and hinted that the company might make more batteries for energy storage than cars in the long term. What Happened: Responding to a Tesla enthusiast who...

As Tesla, Inc.‘s (NASDAQ:TSLA) core electric-vehicle manufacturing business goes through a downturn, bullish analysts began to flaunt the company’s energy storage business as the next big revenue driver. But GLJ Research’s Gordon Johnson on Monday...

As Tesla, Inc.‘s (NASDAQ:TSLA) core electric vehicle business faces challenges, sell-side analysts are shifting their focus to the company’s ancillary ventures. On Thursday, an analyst from RBC Capital Markets pointed out a particular segment that could potentially surpass Tesla’s...

Tesla Inc‘s (NASDAQ:TSLA) energy generation and storage segment witnessed its revenues drop to their lowest in 2023 in the fourth quarter owing to lower energy storage deployments. The segment recorded a Q4 revenue of $1,438 million, down 7.8% from the previous quarter. What Happened: Through...

EV giant Tesla Inc (NASDAQ:TSLA) has reportedly acquired land for its Shanghai-based Megapack battery factory and is gearing up for construction. What Happened: The land acquisition was reported by Bloomberg, citing a company representative. Tesla announced its plans to open a second Megapack...

Tesla Inc's (NASDAQ: TSLA) Megapack is a large-scale energy storage solution designed to bolster the reliability and sustainability of power grids. Each unit boasts an energy storage capacity of 3 MWh, enough to power an average of 3,600 homes for an hour. Tesla has now secured contracts...

French renewable company Neoen SA (OTCGM: NOSPF) said on Monday that it has notified EV giant Tesla Inc (NASDAQ:TSLA) to start making megapack units. What Happened: Neoen won a services contract from the Australia Energy Market Operator (AEMO) to provide 197 MW of storage capacity for 4 hours...

One of the most famous short sellers of Tesla Inc (NASDAQ: TSLA) is sharing new criticism of what could be a new growth area for the electric vehicle giant. What Happened: Tesla has dominated the electric vehicle market for year and also engaged in new lines of potential growth for the business,...