Tesla is launching production at its Shanghai Megafactory on February 11, 2025, completing construction in just seven months. This facility will produce Megapacks, essential for energy storage, with an expected annual output of 10,000 units. The Megapack, each capable of supplying energy for 3,600 homes for an hour, aims to stabilize the grid. This event signifies Tesla's expansion into the energy sector, showcasing its commitment to sustainable energy solutions, as reaffirmed by CFO Vaibhav Taneja during the Q4 2024 earnings call, anticipating a 50% growth in deployments for the coming year.
The Shanghai Megafactory is set to start production on February 11, marking Tesla's first energy storage facility outside the US.
Tesla Energy's growth is attributed to the Megapack and Powerwall, with expected deployments to grow at least 50% year over year in 2025.
The Megafactory's construction, completed in seven months, highlights Tesla's rapid development strategy, showcasing a commitment to scale energy solutions.
'Like Elon mentioned, we're trying to ramp up production with Megafactory Shanghai coming online this quarter onwards,' CFO Vaibhav Taneja stated.
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