EV big Tesla Inc TSLA on Monday stated that its Megafactory in Lathrop, California has constructed its 10,000th Megapack, marking a big milestone for the corporate in its vitality storage section.
What Occurred: “Congratulations to the Megafactory crew in Lathrop, CA on constructing the ten,000th Megapack,” the corporate stated in a submit on social media platform X.
Megapack is a strong battery manufactured by the corporate along with its residence battery known as Powerwall. Every megapack unit can retailer over 3.9 Megawatt-hours of vitality or sufficient to energy a mean of three,600 houses for an hour.
“Fairly a makeover completed by the Lathrop Vitality Manufacturing crew: changing a former JC Penny warehouse to the most important utility battery manufacturing plant on the planet!” former Tesla senior government Drew Baglino wrote.
Baglino was the Senior Vice President of Powerwall and Vitality till April earlier this yr.
Why It Issues: Within the three months by way of the tip of September, Tesla’s vitality era and storage income touched $2,376 million, marking a progress of 52% as in comparison with the corresponding interval of final yr. The vitality enterprise achieved a report gross margin of 30.5% and the powerwall product achieved report deployments.
Tesla at present operates a Megafactory solely in Lathrop, California, able to making 10,000 Megapack items in a yr. The corporate can be placing up a Megafactory in Shanghai which it expects to start out transport Megapacks within the first quarter of 2025.
For the complete yr 2024, Tesla now expects to deploy twice the vitality storage deployed final yr, or roughly 29.4 GWh of vitality storage.
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