Tesla in talks for $2.9 billion solar equipment deal
Tesla is currently negotiating with Chinese firms to buy $2.9 billion in solar equipment. This move aims to build 100 gigawatts of US solar capacity by 2028.
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Tesla, Inc. is in advanced discussions with several manufacturers in China to procure solar manufacturing equipment valued at approximately $2.9 billion. This strategic move is part of a broader initiative by CEO Elon Musk to establish 100 gigawatts of solar production capacity within the United States by the end of 2028. Musk has previously stated that solar energy could play a fundamental role in powering the nation, particularly as demand surges from the growth of artificial intelligence and industrial manufacturing.
