After adjusting its battery supply chain to qualify for federal credits and other tax breaks, Tesla's Model 3 could now be cheaper than a Toyota Camry in California
is a mega factory to produce mega packs are basically very large batteries that can store energy so they can help stabilise the power grid and prevent outages and many of our viewers probably associate tesla with those electric cars and that s where it generates most of its money from but it s boss elon musk is keen to grow its solar energy and battery business to roughly about the same size, partly because the world of course is shifting to use more renewable energy. tesla already has a mega factory in california that can produce 10,000 mega pack units each year and according to mr musk s tweet, this plant in china will supplement output from but factory and, of course, it will also allow tesla to take advantage of china s battery supply chain at a much lower cost. as you said, the company plans to start building the factory later this year and hope it will be up and running by early next year. what we don t know is that there were reports that mr musk will be in china from saturday
partly because the world is of course using to use more renewable energy. tesla already has a mega factory in california that can produce 10,000 mega packs units each year. and according to elon musk s tweet, this new plant in china will supplement output from the factory in california but of course, it will also allow tesla to take advantage of china s battery supply chain at lower costs as well. the company plans to start building the factory, as you said, later this year. they hope it will be up and running by early next year but what we cannot figure out is whether elon musk was in china to sign this deal because there were reports that he would be in china from saturday but we have not seen any actual pictures of him being in china, so that is something we cannot figure out just yet but of course, this announcement still a very big dealfor him and his company. now, as business gets back on track after the pandemic, some industries are still
associate tesla with those electric cars and that is where the company generates most of its money from. but the company s boss, elon musk, is very keen to also grow its solar energy and battery business to roughly the same size, partly because the world is of course using to use more renewable energy. tesla already has a mega factory in california that can produce 10,000 mega packs units each year. and according to elon musk s tweet, this new plant in china will supplement output from the factory in california but of course, it will also allow tesla to take advantage of china s battery supply chain at lower costs as well. the company plans to start building the factory, as you said, later this year. they hope it will be up and running by early next year but what we cannot figure out is whether elon musk was in china to sign this deal, because there were reports that he would be in china from saturday but we have not seen any actual pictures of him