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Notably, Mega Pack 2 XL prices have fallen approximately 50% from their all-time high, yet Tesla’s margins continue to grow. This indicates a highly scalable and profitable energy storage business, which Tesla plans to expand aggressively, especially with upcoming Gigafactories in China and other strategic locations, aimed at transforming energy infrastructure.
Tesla’s Manufacturing Milestones and Market Expansion
Tesla Fremont’s factory recently produced its 1 millionth Model Y — a milestone that underscores the company’s manufacturing prowess and increasing market share. Meanwhile, competitors like Volkswagen are struggling, with plans to shutter plants in Germany, laying off thousands. This highlights Tesla’s growing dominance and the shifting landscape of the automotive industry.