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Tesla (TSLA) announced Sunday it will build a new Shanghai facility to make its large energy storage units. TSLA shares fell Monday after the EV giant made further U.S. price cuts Thursday night. X Tesla unveiled plans Sunday to construct a new Megapack factory in Shanghai, adding to its foothold in the world’s largest EV market. The company announced its Shanghai megafactory will be capable of producing 10,000 Megapacks per year. Tesla already has a Megapack factory in Lathrop, Calif., ramping up production of its energy storage systems. The global EV’s energy storage business uses batteries from China’s CATL A…
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