Part 5/11:
Tesla continues to expand its energy storage and infrastructure projects. Recently, it was announced that Tesla’s Mega Pack units will power what is considered the largest battery system in New York City, although only 11 units are involved so far. Tesla is also investing heavily in retail and manufacturing infrastructure—it is converting a former grocery store in Austin, Texas, into a new 65,000 square foot showroom, expected to be completed by November 2024.
The company’s Mega Factory is also scaling, with the capacity for over $750 million worth of Mega Packs at the facility, signaling aggressive expansion. This not only indicates growth in Energy as yet another pillar for Tesla but also reassures investors of its operational resilience.