Tesla announces third Megafactory as competition heats up
February 5, 2025
Elon Musk announced that Tesla is already building a third Megafactory to produce more Megapacks just as the competition in the energy storage space heats up
Energy storage was Tesla’s silver lining this quarter.
While its main business, the automotive business, shrank in both revenue and margins, its energy storage business grew more than 100% year-over-year – having deployed 31.4 GWh versus…
