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Tesla Breaks Ground On California Megafactory: TechCrunch

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Tesla Breaks Ground On California Megafactory: TechCrunch
  • Tesla Inc (NASDAQ: TSLA) broke ground on its "Megafactory," a new production facility in Lathrop, California, to produce its large-scale battery system Megapack, TechCrunch reports as per Lathrop Mayor Sonny Dhaliwal's Facebook Inc (NASDAQ: FB) post.
  • The factory is near Tesla's automotive plant in Fremont.
  • Lathrop is also home to Tesla's 870,000-square-foot distribution center.
  • Megapacks, and Tesla's other energy storage products, were being manufactured at its so-called "Gigafactory" in Sparks, Nevada.
  • TSLA Price Action: TSLA shares traded lower by 0.4% at $748.92 on the last check Thursday.
 

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