First Solar (FSLR) shares dropped 7% after a report indicated Tesla (TSLA) is considering expanding its U.S. solar cell manufacturing. This news comes just before First Solar’s 2026 guidance announcement, causing traders to avoid risk. Despite a broader market rally and gains in other solar stocks, concerns about potential competition from a major player like Tesla impacted First Solar, which emphasizes its American-made products.
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First Solar stock falls 7% as Tesla solar-cell expansion report jolts FSLR
First Solar (FSLR) shares dropped 7% after a report indicated Tesla (TSLA) is considering expanding its U.S. solar cell manufacturing. This news comes just before First Solar’s 2026 guidance announcement, causing traders to avoid risk. Despite a broader market rally and gains in other solar stocks, concerns about potential competition from a major player like Tesla impacted First Solar, which emphasizes its American-made products.