Elon Musk’s plan to make Tesla a major solar producer could make its energy business $50 billion more valuable, according to Morgan Stanley. But the company is going to need to spend aggressively to achieve its goal.
Musk said on a recent earnings call that Tesla
TSLA would seek to build 100 gigawatts of solar-cell production capacity over the next few years. The Tesla CEO added that the company would be involved across the “entire supply chain, from raw materials to finished solar panels.”
How Tesla can turn energy into a nearly $200 billion business
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Elon Musk’s plan to make Tesla a major solar producer could make its energy business $50 billion more valuable, according to Morgan Stanley. But the company is going to need to spend aggressively to achieve its goal.
Musk said on a recent earnings call that Tesla
TSLA would seek to build 100 gigawatts of solar-cell production capacity over the next few years. The Tesla CEO added that the company would be involved across the “entire supply chain, from raw materials to finished solar panels.”
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