$Tesla Motors(TSLA)$ The energ

The energy storage business is advancing steadily, in a low - key yet effective manner.

It is estimated that after the United States accounted for approximately half of the global deployment of Tesla's Megapack in 2024, a $700 - million Megapack energy storage system is now being built in Georgia.

Currently, among the large - scale deployed energy storage batteries, lithium iron phosphate (LFP) without cobalt is the most common chemical substance.

Musk has said, "All the components of lithium - ion LFP batteries are inexpensive and extremely common, without using any rare elements at all."

After Tesla's lithium refinery is fully operational, we will see what new technology Musk uses to refine lithium and how low the cost is.

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