TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%

Tesla shares first glimpse inside California megafactory

Tesla

To ramp up hiring and recruiting, Tesla CEO Elon Musk shared the first peek at its new Megafactory in Lathrop, California.

Musk shared the video on LinkedIn, and it’s the first look at the factory since the company broke ground on the project a year ago. The CEO has previously said the company aims for the Megafactory, which will focus exclusively on the production of Megapack batteries, to reach an output of 40GWh per year.

That marks a 10x increase over the company’s current output of 4GWh per year, a capacity that includes Megapacks as well as Powerwall and Powerpack batteries.

Previously, the electric vehicle maker had been producing Megapacks only at its Gigafactory in Nevada. Now, the Megafactory can make up to 25 Megapacks in a single day after only breaking ground on the facility a year ago.

Last week, Tesla reported an energy storage deployment output of 2.1GWh in a single quarter, setting a record for the EV maker. According to Electrek, the production of Megapack batteries at the new Megafactory, which only started up recently, is unlikely to have had much effect on that result – meaning it could jump significantly when that increased output is added to the mix.

The Megapack battery is a significant first step toward Musk’s eventual goal of creating an energy division that rivals Tesla’s automotive business in scale. A Megapack battery has an energy capacity of around 50 times the Model Y’s energy capacity, meaning the current output of 25 per day is equal to the batteries in more than 1,000 electric vehicles.

Tesla expects to start installing those battery packs around the fourth quarter of 2023.


Did you enjoy this article? Please share your thoughts, comments, or questions regarding this topic by connecting with us at newsroom@cbtnews.com.

Be sure to follow us on Facebook, LinkedIn, and TikTok to stay up to date.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

More from Articles
CBT News heads to Washington, D.C., to host Auto Leadership Summit

CBT News heads to Washington, D.C., to host Auto Leadership Summit

- May 19, 2026
ATLANTA, Georgia (May 19, 2026)— CBT News, the auto dealer community’s No.1 resource for industry insights and news coverage, announced it will bring together the auto industry for the Auto...
TrueCar says it will now include mandatory dealer fees in advertised vehicle prices, exceeding FTC standards.

TrueCar gets ahead of FTC compliance, folds dealer fees into upfront pricing

- May 19, 2026
On The Dash: TrueCar says it will include mandatory dealer fees directly in advertised prices, exceeding FTC standards. In March, the FTC sent warning letters to nearly 100 dealer groups...
Elon Musk predicts self-driving domination within a decade as Tesla, Waymo face new recalls

Elon Musk predicts self-driving domination within a decade as Tesla, Waymo face new recalls

- May 19, 2026
On The Dash: Musk predicted Tesla's unsupervised self-driving service will expand nationwide by the end of 2026. Musk said AI will handle 90% of all miles driven within a decade. ...
S&P Global Mobility opens FeeSync to entire automotive industry at no cost, establishing first-of-its-kind dealer fee transparency infrastructure

S&P Global Mobility opens FeeSync to entire automotive industry at no cost, establishing first-of-its-kind dealer fee transparency infrastructure

- May 19, 2026
NEW YORK — May 18, 2026 — S&P Global Mobility today announced that it is opening access to FeeSync powered by Market Scan, its automotive payments-as-a-service platform, to the entire automotive industry at...
CBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.