Tesla Is Building a Megabattery in Texas
In a development that sounds more like the action of a supervillain in a science-fiction movie than a corporate asset-building move, Tesla Motors (NASDAQ: TSLA) is constructing a giant battery in Texas. According to Bloomberg, which broke the story, a subsidiary of the Elon Musk-fronted electric vehicle (EV) company called Gambit Energy Storage is managing the project.
The building site is located in the city of Angleton, which is near the state's Gulf Coast and a 45-minute car ride south of the center of Houston.
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Source Fool.com