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via finance.yahoo.comBusiness & Companies

Musk: Tesla's Megapacks nearly sold out through 2027 as energy demand surges

FROM THE WIRE · FINANCE.YAHOO.COM

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tesla Inc. CEO Elon Musk said the company's Megapack battery storage systems are nearly sold out through 2027, highlighting surging demand for its energy business as Tesla races…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong energy storage demand and expected higher margins strengthen the outlook for Tesla's energy business.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Elon Musk said Tesla's Megapacks are nearly sold out through 2027.
  2. 02Energy demand is very strong and Tesla is ramping production as quickly as possible.
  3. 03Musk expects gross margins on this business to increase meaningfully.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Tesla, Inc.TSLAStock372.22 USDMarket closedtoday -0.63%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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