Tesla’s US$4.3b Battery Plant Tests Lofty Valuation And Margin Story
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Tesla (NasdaqGS:TSLA) and LG Energy Solution agreed to build a US$4.3b lithium iron phosphate battery plant in Michigan. The facility is planned to start production in 2027 and will focus on batteries for energy storage, not electric vehicles. Battery cells from the plant are intended for Tesla’s Megapack 3 systems produced in Houston, expanding the company’s U.S. manufacturing base. The deal is designed to reduce reliance on imported batteries, especially from China, and aligns with U.S...
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Tesla (NasdaqGS:TSLA) and LG Energy Solution agreed to build a US$4.3b lithium iron phosphate battery plant in Michigan. The facility is planned to start production in 2027 and will focus on batteries for energy storage, not electric vehicles. Battery cells from the plant are intended for Tesla’s Megapack 3 systems produced in Houston, expanding the company’s U.S. manufacturing base. The deal is designed to reduce reliance on imported batteries, especially from China, and aligns with U.S...