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Tesla quietly expands large-scale solar energy deployment
Tesla appears to be quietly advancing its solar ambitions, exploring a deal worth roughly $2.9 billion to buy production equipment from Chinese suppliers.
The negotiations involve several companies, including Suzhou Maimai Technology, Jieshiweichuang, and Laplace. Maimai Technology currently seems to be the frontrunner; after the news broke, its stock price jumped by about 12%, while the stock prices of other related companies also rose by more than 7%. According to reports, these units need to be delivered before the fall, suggesting that Tesla’s timeline is relatively tight.
This is consistent with Musk’s broader vision. He has previously proposed building 100 gigawatts of solar production capacity in the United States by 2028, to supply power for Tesla’s operations and support the rapidly growing power demand, especially from data centers. But this path is not entirely smooth sailing. Given the current state of the U.S. solar market, implementing the plan has become complicated.
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