Tesla revamps the Megapack in attempt to reverse its declining storage business
1. Tesla launches Megapack 3 to rejuvenate its energy storage sector. 2. Megapack 3 offers increased storage capacity and longer lifespan. 3. New Megablock unit reduces installation times by 23% and construction times by 40%. 4. Production starts in 2026, delaying immediate financial impact for Tesla. 5. Tesla's energy storage business faces declining market share amidst rapid industry growth.