Tesla stock
Tesla signed a strategic agreement with the Australian government on August 6, 2026, to develop "Project Aurora," a 10 GWh battery energy storage system (BESS) in Western Australia. This project will utilize the next--generation Megapack 3XL and is slated to become the world's largest single--site energy storage installation. The facility is designed to provide essential grid services and backup power as the region transitions away from coal--based generation. For investors, this contract underscores the accelerating growth of Tesla's Energy division and its dominance in the global utility--scale storage market.