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Why is Tesla Buying $2.9B Solar Equipment From China Now?
ZACKS· 2026-03-23 15:26
Key Takeaways TSLA's Price Performance, Valuation and Estimates Tesla has underperformed the Zacks Automotive-Domestic industry and its peers, General Motors Company (GM) and Ford Motor Company (F) , in the past six months. Its shares have lost 16.9% compared with the industry's decline of 7.7%. Ford has declined 0.9%, while General Motors has gained 21.5% during the same period. Tesla is negotiating a $2.9B deal for solar equipment from Chinese firms to expand U.S. production. TSLA aims for 100 GW annual s ...