Tesla is in talks with several Chinese companies to purchase approximately $2.9 billion worth of solar photovoltaic (PV) equipment, according to a report from CNBC citing sources familiar with the matter. The discussions are reportedly focused on acquiring machinery for Tesla's solar manufacturing operations in the United States.
The potential deal, if finalized, would involve a significant investment from Tesla into Chinese solar manufacturing technology. This move comes as the company seeks to scale its energy generation and storage business, which includes solar panels and the Powerwall battery system.
Industry analysts note that such a purchase could help Tesla reduce manufacturing costs and increase production capacity for its solar products. The talks highlight the ongoing interdependence between U.S. clean energy ambitions and China's dominant position in the global solar supply chain.
As of March 2026, neither Tesla nor the involved Chinese firms have officially confirmed the negotiations or the specific financial terms publicly. The discussions are said to be ongoing, and a final agreement has not been reached.
