Tesla plans to initially produce 10,000 Megapack units a year at the factory.
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Tesla's share of the electric vehicle market has shrunk from 72% to 54% since January 2022 and analysts expect it to slide below 50% in the next month or two,The company has in recent months cut prices on its Model S and X vehicles in the U.S. as the EV manufacturer moves to spark sales in the face of greater competition and investor concerns about demand, per
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