Tesla's Megafactory in Shanghai is 60% complete just four months after construction began, highlighting the company's impressive capability to scale quickly in the energy storage market.
The Megafactory, located in the Lingang area, is projected to produce around 10,000 Megapack batteries each year, contributing approximately 40 GWh of energy storage.
Tesla's Energy division has achieved a record gross margin of 30.5% in Q3 2024, indicating significant growth tied to the upcoming Shanghai Megafactory production.
The initial run rate of the Shanghai Megafactory has been estimated at 20 GWh, which is expected to significantly enhance Tesla's Energy business upon commencement of shipments.
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