By on June 22, 2018

Tesla’s efforts to scale back its workforce will significantly impact its solar roof business. Its 9 percent staffing cut reportedly translates into the closing of roughly a dozen facilities in the United States. The company got into selling photovoltaic shingles after acquiring SolarCity for $2.6 billion. At the time, Tesla CEO Elon Musk, who previously served as chairman of SolarCity’s board of directors, called the purchase a “no brainer.”

The theory was that the new business would be synergistic. Customers could accumulate energy through solar roofs, store it in a Tesla Powerwall, and use it to recharge their vehicle, power their home, or supplement their energy needs during peak hours. But earlier this month Tesla announced it was pulling those products out of stores and abandoning its partnership with Home Depot. Customers will now buy their solar energy products through Tesla stores and the company’s website.

What happened? (Read More…)

Recent Comments

  • FreedMike: I recall the part of Lee Iaccoca’s biography where he talked about his early years at Chrysler...
  • FreedMike: As I recall, “toggle” operated mirrors were pretty commonplace in those days, Arthur.
  • FreedMike: I kind of like the XE. They redid the interior for this year, and it’s a definite improvement, but I...
  • PrincipalDan: 4 barrel intake if it doesn’t already have one from the factory. Simple TBI set up. Dual exhausts...
  • Lie2me: Ford and FCA are always racing to see who can offer the most vaporware for the longest time. I just...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Matthew Guy
  • Timothy Cain
  • Adam Tonge
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber