On October 21 (local time), Tesla CEO Elon Musk disclosed during a conference call that the company’s production capacity for its Megapack large-scale energy storage system is nearly fully booked for 2027, with expectations of a notable improvement in business gross margins. Tesla’s CFO highlighted that data centers are the primary driver behind this strong demand. On the following day, October 22, Musk emphasized that the company is fully committed to expanding Megapack production to meet this heightened market interest.
