'Tesla In Talks With Chinese Firms To Buy $2.9 Billion Worth Of Solar Equipment, Sources Say' - Reuters Exclusive
3/20/2026
Impact: 70
Consumer Cyclical
Tesla is in discussions to purchase $2.9 billion worth of solar manufacturing equipment from Chinese firms, including Suzhou Maxwell Technologies, as part of its strategy to add 100 gigawatts of solar capacity in the U.S. The acquisition may require export approvals from the Chinese government. CEO Elon Musk has emphasized the potential for solar power to meet all electricity needs in the U.S., with a goal to deploy 100 GW of solar manufacturing by the end of 2028.
AI summary, not financial advice
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