Tesla (TSLA) is looking to build a battery plant in the U.S. under what would "likely be a controversial arrangement" with China’s dominant EV battery maker, CATL, sources told Bloomberg’s Gabrielle Coppola, Ed Ludlow and Jennifer Jacobs. Tesla wants to pursue a deal similar to one that Ford Motor (F) announced last month with the battery maker to construct a plant wholly owned by the U.S. automaker, according to the report, which adds that Tesla discussed plans involving Contemporary Amperex Technology Co. Ltd. with the White House in recent days. Reference Link
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on TSLA:
- TSLA Surges on a Flood of News
- Satellite firms SES, Intelsat in talks amid industry consolidation, WSJ says
- Tesla’s About to Report Q1 Deliveries; Don’t Expect Any Fireworks, Says Deutsche Bank
- Cathie Wood Sells XPeng Almost Entirely. Investors Cheer.
- Tesla Stock: Is Q1 Delivery Beat on the Way? Barclays Thinks So
