Part 8/15:
Tesla's energy business also stands on the cusp of exponential growth. A new gigafactory outside Houston, Texas, is set to produce vastly larger lithium-ion battery components, including Tesla's proprietary 4680 cells. This factory is projected to generate $8-10 billion annually, bolstering Tesla's energy storage and grid solutions. Meanwhile, LG's $5.5 billion battery manufacturing plant in Arizona aims to meet rising EV battery demand, ensuring Tesla remains at the forefront of global supply chain developments.