BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
Nvidia Options Price in $280 Billion Earnings Swing 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
OpenAI Data Center Chief Chris Malone Exits Ahead of Planned 2027 Listing 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook 
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
Faraday Future Delivers First Robots in Middle East, Plans September Launches 
Meta, U.S. States Discuss Settlement in Teen Addiction Trial 
Nvidia Reportedly Eyes $13 Billion Hugging Face Acquisition 
Add as a preferred source on Google
Tesla's Lathrop Megafactory increased Megapack production as Q2 2024 concluded, with 264 units observed in holding areas during a recent survey by a Tesla enthusiast and drone operator on June 28.
Lathrop Megafactory Increases Megapack Production, 264 Units Observed in Recent Survey as Q2 Ends
As Teslarati reported, the Lathrop Megafactory, which manufactures Tesla's primary battery storage unit, the Megapack, is currently in operation as the second quarter of 2024 concludes. A recent survey of the California-based facility suggested this.
Met God in Wilderness, a Tesla enthusiast who has spent an extended period observing the electric vehicle manufacturer's Fremont Factory and Lathrop Megafactory, conducted the survey. During the drone operator's most recent flyover, which took place on June 28, 264 Megapack batteries were observed in the holding areas of the Lathrop Megafactory.
The Tesla Megapack is engineered explicitly for grid-based applications. As indicated on Tesla's official website, the flagship battery unit has two variants: a 2-hour version that can generate 1.9 MW of power and 3.9 MWh of energy and a 4-hour variant that can generate 1 MW of power and 3.9 MWh of energy.
264 Megapacks at Tesla's Lathrop Megafactory Valued at $241.5M, Highlighting Energy Business Growth
The 2-hour Megapack is priced at $983,370 before taxes and installation fees, while the 4-hour Megapack is priced at $915,780 before taxes and installation fees. Given this, the 264 Megapacks at the Lathrop Megafactory during the recent reconnaissance are worth a minimum of $241.5 million before installation charges.
Tesla Energy, a significant and rapidly expanding component of the company, may not be as glamorous as the electric vehicle business, but it plays a crucial role in our operations. Elon Musk reiterated the importance of the Megapack to Tesla's operations during the first quarter earnings call, providing stakeholders with a sense of security about our diversification strategy.
“The Tesla team has done an exceptional job in a challenging environment, and the energy storage deployments of Megapack, in particular, hit an all-time high in Q1, leading to record profitability for the energy business. And this growth trajectory is set to continue in the coming quarters and years. In fact, we are confident that it will outpace the car business, as we anticipated,” Musk said, instilling a sense of optimism about the future of Megapack production.
Photo: Microsoft Bing
