Laplace Denies Tesla Solar Order Worth Billions After Media Reports

Chinese solar equipment maker Laplace issued a clarification denying reports that it won a Tesla solar project order worth nearly 10 billion yuan. The company stated it has not received any such order and has no undisclosed material information.

Analysis

The denial raises questions about the original report's sourcing. In China's fast-moving tech media, unverified contract announcements can significantly move stock prices. The swift denial prevented potential market manipulation. For Tesla, the question remains: who will supply its solar expansion?