Tesla Expands Solar Equipment Procurement
Tesla (NASDAQ: TSLA) is in negotiations to acquire up to $2.9 billion in solar equipment from three Chinese suppliers: Suzhou Maxwell Technologies, Shenzhen SC New Energy Technology, and Laplace Renewable Energy Technology. This procurement is part of Tesla’s ambitious plan to achieve 100 GW of solar manufacturing from raw materials in the U.S. by the end of 2028.
In their latest fiscal years, these companies reported revenues of $1.4 billion, $2.7 billion, and $793 million, respectively. Analysts speculate that Tesla’s significant orders could positively impact their performance, though U.S.-China trade tensions and regulatory approvals pose potential risks.
