Anthropic Drops $6 Billion Decart AI Acquisition Talks 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
South Korea, US Discuss Chip Investments Amid Tariff Plans 
Australia Plans New Rules Giving Users Control Over Social Media Feeds 
Milei Threatens Falkland Oil Firms With Sanctions 
OpenAI Launches GPT-6 Astra With Advanced AI Agent Capabilities 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips 
Adobe Names Anil Chakravarthy CEO as AI Push Accelerates 
Microsoft to Reveal Azure Revenue in Major Reporting Shake-Up 
MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations 
Xiaomi Shares Jump on Europe EV Expansion Plan 
Thomson Reuters C-Track Cyberattack Hits Courts Across U.S. and Canada 
Brazil Court Suspends Sigma Lithium Mine Operations 
SEC Seeks ISS Client Voting Records in Proxy Adviser Probe 
Add as a preferred source on Google
Tesla Inc. (NASDAQ: TSLA) is set to build a new Megafactory near Houston, Texas, dedicated to producing Megapack energy storage systems, according to Electrek. The facility, located in Waller County, is part of a tax abatement agreement aimed at boosting local manufacturing and job creation.
Under the deal, Waller County will provide tax incentives for $44 million in facility upgrades and $150 million in manufacturing equipment. The project is expected to generate around 1,500 jobs, reinforcing Tesla’s commitment to expanding energy storage solutions in the U.S.
Tesla plans to repurpose a 1-million-square-foot building at the Empire West industrial park near Katy, Texas. Previously leased by logistics company DB Schenker, the site will be transformed into a Megapack production plant. Additionally, a 600,000-square-foot distribution center with some manufacturing capabilities is in the works.
This Texas Megafactory will be Tesla’s third, following plants in Lathrop, California, and Shanghai, China. While Tesla has not disclosed the expected production capacity, existing Megafactories are designed to produce 40 GWh of Megapacks annually, supporting the growing demand for large-scale energy storage solutions.
Elon Musk’s Tesla continues to expand its energy infrastructure, strengthening its presence in renewable energy storage. The new facility underscores Tesla’s push to meet the rising demand for grid-scale batteries, further solidifying its position in the clean energy sector.
