Image: Met God in Wilderness/YouTube
Tesla continues to ramp up the development of its Tesla Energy business. About 200 Tesla Megapacks worth over $500 million have been spotted at the Lathrop Megafactory and are being prepared for shipment. The new factory of the manufacturer is successfully ramping up production.
With the wider adoption of renewable energy production, large energy storage systems have become very popular. Tesla is experiencing a huge increase in demand for its Megapack, which offers industry-leading energy storage. A batch of approximately 200 batteries was spotted at the Lathrop Megafactory. The relevant information was posted by @SawyerMerritt /X with a link to the Met God in Wilderness/YouTube video. The total value of the Megapacks spotted is about $500 million.
NEWS: A record ~$500M worth of @Tesla Megapacks spotted at the Lathrop Megafactory today preparing for export for delivery. Production continues to ramp up.— Sawyer Merritt (@SawyerMerritt) August 10, 2023
Full video: https://t.co/Q8N7ahl6VA pic.twitter.com/42FKJR26Nc
Most of the company's investors are focused on Tesla's automotive business, and for the most part, evaluate it only from this position. However, Tesla's energy business is growing at a tremendous pace and could take a larger share of the manufacturer's operations than its car business in the future. Recently, some investors have begun to pay more attention to Tesla's energy business, so observing the production of Megapacks provides valuable information.
Tesla’s Megafactory in Lathrop today is the main driving force in the development of the company's energy division. The factory produces Megapacks--huge batteries for energy storage. They are the main component of battery energy storage systems (BESS), which help not only to stabilize the grid but also to store energy from renewable energy sources. Once it runs at full capacity, it will produce 10,000 Megapacks per year. This will make a very significant contribution to the development of Tesla Energy, and will bring great benefits to projects around the world.
© 2023, Eva Fox | Tesmanian. All rights reserved.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.