A new Tesla Megapack has been installed at a water treatment plant in San Luis Obispo, California, according to a new report.
The City of San Luis Obispo installed a Tesla Megapack energy storage unit at its water treatment facility, as reported by Paso Robles Daily on Monday. The battery is part of the city’s commitment to “leading by example in climate action work” and its initiative to reach carbon neutrality on city operations by 2030.
“The installation of the Tesla battery system at our water treatment plant is a testament to our city’s commitment to sustainability, innovation, and resilience. I’m proud of the work our team has done to make this vision a reality,” said City Utilities Director Aaron Floyd.
The Megapack was funded with grant funding from the Pacific Gas & Energy’s (PG&E’s) Self-Generation Incentive Program, meaning that the unit was installed at no cost to the community. The battery storage system project began last year and comes as a larger part of the city’s goals to continually modernize its utility equipment.
“This project not only exemplifies the positive impact of grant-funded initiatives but also demonstrates our dedication to providing clean, reliable, and cost-effective services to our community,” Floyd added. “It’s a win-win for both our residents and the environment.”
Additionally, the Megapack was seamlessly installed at the treatment plant, so the site did not experience any operation interruptions. The city has pointed out the following three benefits of the Tesla Megapack:
Three key benefits of the Tesla battery system
- Smoothing peak energy demand: The water treatment plant relies heavily on energy during equipment start-up and peak operational periods, which can strain the power grid and escalate electrical costs. The Tesla battery system will shift energy demand to the battery during these high-demand periods, effectively reducing spikes in energy consumption and relieving pressure on the PG&E power grid.
- Optimizing energy use: The Tesla battery can be charged during periods when electricity is cheapest, most abundant, and provided from clean sources such as solar and wind. Once charged during off-peak hours, the battery can be programmed to power operations during peak energy demand periods when power is expensive, the power grid is stressed, and the grid is more reliant on energy from less sustainable sources.
- Enhancing resilience: When charged, the Tesla battery will be utilized to power the water treatment plant if there is a scheduled or unscheduled loss in PG&E power to the facility. Seamless transition from PG&E power to battery power is important, as it will ensure continuous operation of the facility while reducing the use of the onsite backup diesel generator (further reducing greenhouse gas emissions). The Tesla battery pack is estimated to be capable of operating the entire water treatment plant and the city’s largest water pump station for up to seven hours.
Tesla has deployed its scalable Megapack energy storage systems around the world, recently including projects at a Panasonic testing site in Kyoto, Japan, at the company’s own Gigafactory in Austin, Texas, and a number of projects in Australia, among others still.
The company has also been ramping up production of Megapacks at its Lathrop, California Megafactory and preparing to build a plant for the energy storage systems in Shanghai, China.
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Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
