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Tesla Stock in Focus on Potential $2.9 Billion Solar Deal With China [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Tesla ( NASDAQ:TSLA ) stock is in focus Friday after reports indicated the company is in talks to acquire about $2.9 billion worth of solar manufacturing equipment from Chinese suppliers. Discussions are said to involve several firms, including Suzhou Maxwell Technologies, as well as S.C. New Energy Tech and Laplace Renewable. Suzhou Maxwell, a producer of screen-printing equipment used in solar cell manufacturing, has emerged as a leading candidate. Warning! GuruFocus has detected 6 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The company is also seeking approval from Chinese regulators to export the equipment for Tesla's planned project. Suppliers have reportedly been asked to deliver the machinery before autumn, according to people familiar with the matter. The potential purchase aligns with Chief Executive Elon Musk's broader plan to expand solar capacity in the U.S. to about 100 gigawatts by 2028, supporting both Tesla
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