In Q4 2024 earnings call, Tesla revealed plans for a third Megafactory to produce Megapack batteries as they continue to expand their production capabilities. Following the recent opening of a second factory in Shanghai, CEO Elon Musk announced this new facility aimed at meeting the growing demand for energy storage solutions. In 2024, Tesla achieved record deployments with a total of 31.4 GWh, reflecting a 114% increase from the previous year, while aiming for a production capacity of 10,000 Megapacks annually from both US factories.
Tesla Energy achieved remarkable milestones with record energy storage deployments, signaling a significant expansion in both operational capacity and market leadership.
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