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Tesla's new Mega Factory in Shanghai has reached a crucial milestone, with all equipment installed and trial production set to begin in early 2025. This factory will primarily focus on the production of the Tesla MegaPack, a large-scale battery storage unit designed for industrial use. The ambitious plan is to manufacture 10,000 MegaPacks annually, each valued at approximately $1 million.
The anticipated success of this factory aligns with Tesla’s recent stock performance, which has surged by 73% this year. While much of this increase is attributed to the market's recognition of Tesla's full self-driving software, it may also signal a growing awareness of the company's potential in energy storage solutions that are critical for modern electrical grids.