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Will Tesla's Shanghai Megapack Factory achieve profitability in Q1 2025?
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Tesla's quarterly financial reports and statements
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Tesla Begins Trial Production at Shanghai Megapack Factory, Construction Completed Dec 27, Profitability Expected Q1 or Q2 2025
Dec 31, 2024, 04:17 AM
Tesla has officially commenced trial production at its new Megapack energy storage factory in Shanghai, following the completion of construction on December 27, 2024. The factory, which was built in just seven months after breaking ground in May, is expected to begin mass production in early 2025. This development marks a significant milestone for Tesla's operations in China, which has been pivotal in the company's growth in the electric vehicle market. Analysts predict that the Shanghai Megafactory will achieve profitability by the first or early second quarter of 2025. The facility's rapid construction and upcoming production capabilities underscore Tesla's efficiency and commitment to expanding its energy storage solutions.
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