Tesla anticipates establishing its inaugural lithium iron phosphate battery plant in the United States by the close of 2025, with plans to initiate construction on its third energy storage Megafactory near Houston in 2026. Additionally, Tesla's financial report for the second quarter of 2025 disclosed that the company's revenue amounted to $22.496 billion, marking a 12% year-over-year decline. Furthermore, net profit attributable to shareholders stood at $1.172 billion, representing a 16% year-over-year reduction.