Tesla’s trumpeted solar shingles are a flop
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Posted On: 05/20/2019 8:08:11 PM
Re: wowhappens28 #21472
Tesla’s trumpeted solar shingles are a flop
https://www.technologyreview.com/f/613541/tes...re-a-flop/
Quote:
Tesla’s 2016 acquisition of SolarCity is looking worse and worse. And its $1 billion solar gigafactory in Buffalo, New York, which the state built, subsidized, and equipped for SolarCity, seems to be primarily operating as a Panasonic plant.
Soon after, Tesla unveiled the Solar Roof line, a marked shift from the business model of SolarCity, which primarily sold and installed rooftop solar panels produced by Chinese manufacturers. Tesla also struck a deal to buy custom solar cells for its products from Panasonic, which in turn agreed to invested $250 million into the gigafactory and set up its own production line there.
The subcontract also provided a way to help Tesla achieve hiring commitments required as part of the state’s $750 million in subsidies. But it still appears likely to fall short of the nearly 1,500 employees required by 2020, which would trigger financial penalties and has already prompted sharp criticisms of the deal by some state legislators.
https://www.technologyreview.com/f/613541/tes...re-a-flop/
Quote:
Tesla’s 2016 acquisition of SolarCity is looking worse and worse. And its $1 billion solar gigafactory in Buffalo, New York, which the state built, subsidized, and equipped for SolarCity, seems to be primarily operating as a Panasonic plant.
Soon after, Tesla unveiled the Solar Roof line, a marked shift from the business model of SolarCity, which primarily sold and installed rooftop solar panels produced by Chinese manufacturers. Tesla also struck a deal to buy custom solar cells for its products from Panasonic, which in turn agreed to invested $250 million into the gigafactory and set up its own production line there.
The subcontract also provided a way to help Tesla achieve hiring commitments required as part of the state’s $750 million in subsidies. But it still appears likely to fall short of the nearly 1,500 employees required by 2020, which would trigger financial penalties and has already prompted sharp criticisms of the deal by some state legislators.
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