Tesla to Supply Over 25 GWh of Megapack Storage in Multi-Billion Dollar European Deal
TSLA sits 33% above its 52-week low of $288.77.
Summary
Tesla has signed a multi-year agreement with NatPower to supply over 25 GWh of Megapack battery energy storage systems across Europe, initially in Italy and the UK. This deal is part of a broader program aiming for more than 100 GWh of storage capacity, with an estimated total construction value of $4-5 billion and projected revenue exceeding $15 billion over 20 years. The agreement significantly expands Tesla's energy division footprint and revenue streams in the growing European energy storage market, showcasing execution beyond its core EV business.
At the time of this announcement, TSLA was trading at $383.21 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.4T. The 52-week trading range was $288.77 to $498.83. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.