Tesla Evaluating Multiple U.S. Sites to Expand Solar Battery Manufacturing (TSLA-US)

Tesla (TSLA-US) is evaluating multiple U.S. sites to expand its solar battery manufacturing footprint. Last month, Elon Musk announced with SpaceX that the companies are advancing solar capacity to reach 100 gigawatts per year within three years. The plan includes boosting output at Tesla’s Buffalo, New York factory to 10 gigawatts and potentially building a second facility in New York, with Arizona and Idaho also in the running. The initiative is led by Tesla’s副总裁Bonne Eggleston, who recently posted job openings for U.S. solar manufacturing talent. Musk reiterated the opportunity in solar after previous efforts did not meet his original vision, and noted in the last month’s earnings call that “the opportunity in solar is undervalued.” If realized, Tesla would become the largest solar manufacturer in the U.S., versus First Solar’s expected 14 gigawatts of domestic capacity this year.