Tesla stock
Tesla Energy finalized a $1.2 billion agreement with the Australian government on June 8, 2026, to construct the "Great Southern Battery" in New South Wales. This 2.5 GWh Megapack project will be the largest battery energy storage system in the Southern Hemisphere, designed to provide critical grid stability as the region decommissions its coal--fired power infrastructure. For investors, this contract underscores the accelerating growth and high--margin potential of Tesla’s Energy Generation and Storage segment, further diversifying the company's revenue base beyond the automotive market.