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Tesla proposed a $10.1B Texas solar factory (Project Crystal Sun) that could create 9,712 jobs, reviving its struggling solar business, though the deal hinges on tax incentives and isn't finalized.
Tesla is constructing a massive solar panel manufacturing facility in Houston, expanding its renewable energy production capacity and diversifying revenue streams beyond electric vehicles.
Tesla shares dropped 2% despite strong AI data center demand supporting its energy business, with analyst maintaining a Hold rating and valuing Tesla's energy segment at $31 per share.
Morgan Stanley highlights Tesla's ambitious solar expansion as a significant long-term growth driver, potentially adding $20-$50 billion in value despite execution risks from heavy spending.
Ford cuts electric vehicle investments, cancels all-electric trucks, and shifts focus to hybrids and battery storage, intensifying competition with Tesla's energy business.
Tesla shares dropped over 6% due to ARK Invest's position cuts, Powerwall recall concerns, and growing competition from Waymo in autonomous driving, cooling investor sentiment despite no long-term op…