Tesla is planning to scale domestic solar production by sourcing nearly $2.9 billion worth of manufacturing equipment from Chinese suppliers, a Reuters report said on Friday. The initiative aligns with Elon Musk's broader goal of building large-scale solar capacity within the United States.
Investors are waiting to hear what Tesla CEO Elon Musk has planned for semiconductor supply.
Tesla is looking to buy equipment worth $2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies , two people familiar with the matter said, as CEO Elon Musk aims to add 100 gigawatts of solar capacity in the United States.
Innovations including a centered driving position, fast charging and a 500-mile range are winning over drivers.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is slipping 3% in Thursday trading, with shares hovering around $382 as of midday.
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Thursday shared an update on the company's semiconductor plans, indicating that the firm may “tape out” its next-generation AI6 chip by December 2026. In chip manufacturing, tape-out marks the finalization of a design before production at a foundry.
Tesla is facing an intensifying federal investigation of its FSD, or Full Self-Driving (Supervised) systems. The NHTSA started an "engineering analysis" of Tesla's FSD to determine if it is safe for drivers to use in fog, glaring sun or other reduced visibility conditions.
Shares of Tesla came under pressure on Thursday as US safety regulators escalated scrutiny of the company's driver-assistance technology. At the time of writing, the Tesla stock was down around 2% to trade at $383.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is back in a bear market, thanks in part to continued weakness across the tech sector.
The U.S.' top automotive safety regulator is notching up its investigation into the performance of Tesla's Full Self-Driving (Supervised) driving software in low-visibility conditions.
UBS expects Tesla to eke out EV sales growth year over year in the first quarter of 2026.
The escalation by federal safety regulators could result in a recall campaign or other enforcement action.