"At a recent event in Las Vegas, Tesla unveiled the Megablock, a revolutionary electric grid-level battery system designed to supercharge large-scale energy storage projects. This isn't just an incremental upgrade; it's a pre-engineered powerhouse that bundles four Megapack 3 units - each boasting 5 megawatt hours (MWh) of capacity - with integrated transformers and switchgear. The Megablock will allow developers to erect massive storage sites 23% faster and at up to 40% lower construction cost"
"Tesla ( NASDAQ:TSLA ) has been the weakest link among the Magnificent 7 in 2025, down roughly 6.5% year-to-date while peers like Nvidia ( NASDAQ:NVDA ) and Meta Platforms ( NASDAQ:META ) ride the AI wave. The broader S&P 500 has climbed 12%, leaving Tesla trailing significantly. Soft electric vehicle (EV) demand, fierce competition, and economic pressures have weighed heavily on TSLA stock, casting doubts on its growth narrative. Yet, this morning's sharp 5.8% surge brings shares closer to break-even for the year, sparking renewed"
Tesla has lagged the Magnificent 7 in 2025, down about 6.5% year-to-date while the S&P 500 climbed 12%. Weak EV demand, intense competition, and economic pressures have pressured TSLA stock and raised doubts about growth prospects. A morning 5.8% share surge brought shares near year-to-date break-even, driven by a strategic pivot into energy infrastructure. Tesla unveiled the Megablock, a pre-engineered grid-scale battery assembly that bundles four Megapack 3 units, increases site density, tolerates extreme temperatures, and reduces deployment time and construction costs. Production is slated for late 2026 at a new 50 GWh Houston factory.
Read at 24/7 Wall St.
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