Tesla (TSLA, Financial) shares fell 4% this today's morning even as the company announced a milestone at its new Megafactory in Shanghai. The facility, Tesla's second Megafactory, has begun producing its first Megapack,

Storyline Tesla's Megafactory in Shanghai begins production of Megapack batteries (Voice_over) Tesla's new Megafactory, which produces energy storage products, officially went into production. The Shanghai facility is Tesla's first Megafactory outside the United States and marks another major investment in China following the Gigafactory Shanghai car manufacturing plant.

Tesla officially began the construction of the Shanghai megafactory in May, taking less than a year from the start of construction to commencing production.

U.S. carmaker Tesla's new Megafactory in Shanghai, dedicated to manufacturing its energy-storage batteries, known as Megapacks, launched production on Tuesday, marking a significant expansion of the company's presence in China. (Xinhua/Fang Zhe)

This photo shows a production launch ceremony of US carmaker Tesla's Megafactory in Shanghai, on February 11, 2025. Photo: IC. US auto giant Tesla held a ceremony on Tuesday to ma

Tesla's battery megafactory in Shanghai, for manufacturing its megapack batteries, has launched production on Tuesday, Chinese official news agency Xinhua said.

SHANGHAI, Feb. 11 (Xinhua) -- U.S. carmaker Tesla's new Megafactory in Shanghai, dedicated to manufacturing energy-storage batteries known as Megapacks, launched production on Tuesday, marking a significant expansion of the company's presence in China.

The opening of the $200 million Megapack battery plant in Shanghai highlights Elon Musk’s unusual position as Tesla CEO and Trump administration adviser.