Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Intel Boosts Malaysia Operations with Additional RM860 Million Investment 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Banks Consider $38 Billion Funding Boost for Oracle, Vantage, and OpenAI Expansion 
Nexperia Urges China Division to Resume Chip Production as Supply Risks Mount 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks 
Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges 
Visa to Move European Headquarters to London’s Canary Wharf 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Tesla Inc. (NASDAQ: TSLA) is set to build a new Megafactory near Houston, Texas, dedicated to producing Megapack energy storage systems, according to Electrek. The facility, located in Waller County, is part of a tax abatement agreement aimed at boosting local manufacturing and job creation.
Under the deal, Waller County will provide tax incentives for $44 million in facility upgrades and $150 million in manufacturing equipment. The project is expected to generate around 1,500 jobs, reinforcing Tesla’s commitment to expanding energy storage solutions in the U.S.
Tesla plans to repurpose a 1-million-square-foot building at the Empire West industrial park near Katy, Texas. Previously leased by logistics company DB Schenker, the site will be transformed into a Megapack production plant. Additionally, a 600,000-square-foot distribution center with some manufacturing capabilities is in the works.
This Texas Megafactory will be Tesla’s third, following plants in Lathrop, California, and Shanghai, China. While Tesla has not disclosed the expected production capacity, existing Megafactories are designed to produce 40 GWh of Megapacks annually, supporting the growing demand for large-scale energy storage solutions.
Elon Musk’s Tesla continues to expand its energy infrastructure, strengthening its presence in renewable energy storage. The new facility underscores Tesla’s push to meet the rising demand for grid-scale batteries, further solidifying its position in the clean energy sector.
