Tesla lands tax abatement for Texas Megapack factory
County officials in Texas have approved a tax abatement for Tesla to build a factory for its Megapack utility-scale storage product in the Lone Star State. The final approval is conditional on an agreement with city authorities.
Tesla begins production at Shanghai Megapack Factory amid intensifying price war
Tesla’s first overseas energy storage plant starts operating as global competition from Chinese firms and pricing pressures mount.
Tesla’s 2024 energy storage revenue surpasses $10 billion
Records are tumbling for Tesla’s battery energy storage business with revenues growing 67% and deployments surging 114% year-on-year.
Tesla smashes its own records with big increase in energy storage deployments in 2024
Tesla’s energy storage deployments broke its own year-on-year records in 2024, for another consecutive year.
Tesla starts trial production at Shanghai Megapack manufacturing plant
Tesla’s Shanghai Megapack factory, its first outside of the United States, has begun trial production.
Tesla releases Powerwall 3 expansion units for more capacity at lower price
Each expansion unit adds another 13.5 kWh of storage capacity to the original installation with a maximum of three such units connected to a single Powerwall. Now available in the US, the new product comes at a lower cost and slashes installation time by roughly half to 22 minutes.
Tesla launches Powerwall 3 in Australia, New Zealand
Nearly a decade after the first iteration of its Powerwall home battery system was released, Tesla has officially launched the Powerwall 3 in Australia and New Zealand, with the first deliveries expected in September.
Tesla continues scaling up energy storage business in China
The announcement of Tesla’s battery factory in Shanghai marked the company’s entry into the Chinese market. Amy Zhang, analyst at InfoLink Consulting, looks at what this move could bring for the US battery storage maker and the broader Chinese market.
Tesla battery deployment soars in Q2
Tesla says it has recorded a significant increase in energy storage deployment, officially reporting revenue for 9.4 GWh of deployed storage products in the second quarter of 2024.
Tesla launches Powerwall 3 in UK & Germany
Almost ten years after the “Powerwall 1,” US EV giant Tesla has launched its home battery system, Powerwall 3, in the United Kingdom and Germany. The Powerwall 3 is being officially presented at The smarter E Europe this week.
