Tesla Can't Afford To Abandon Its Solar Roof Fantasy [Seeking Alpha]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Tesla Can't Afford To Abandon Its Solar Roof Fantasy Summary Tesla's 2016 merger with SolarCity saved the residential solar business from the verge of bankruptcy. The $2.6 billion all-stock deal also saw Tesla assume SolarCity's $2.9 billion debt. Elon Musk sold the merger as a "no brainer." SolarCity would be a natural sales channel for Tesla's Solar Roof tiles, a product Musk claimed was ready to launch commercially. In the years since the merger, SolarCity's assets have been systematically dismantled, while Tesla solar installations fell into persistent decline. Solar Roof mass production has thus far failed to happen. Tesla continues to promise the imminent ramp of Solar Roof, but few observers consider this credible anymore. The product appears to still be caught in late-stage design. Tesla faces potentially devastating civil liability from class-action lawsuits alleging Musk's self-dealing during the SolarCity merger. The company's efforts to backfill with fresh promises are not
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- U.S. probes whether Tesla Autopilot recall did enough to make sure drivers pay attention [Los Angeles Times (CA)]Los Angeles Times
- Venture Capital Firms Are Actually Considering Giving Elon Musk $6 Billion For xAI [Yahoo! Finance]Yahoo! Finance
- Lofty U.S. stocks leave investors punishing earnings disappointments [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Tesla's Elon Musk speeds past Mark Zuckerberg on the billionaires list after Meta stock plummets on its cash-sucking AI plans [Yahoo! Finance]Yahoo! Finance
- Tesla Is A Car Company That Continues To Appear As Something Else [Seeking Alpha]Seeking Alpha
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- 4/23/24 - Beat
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Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form DEFA14A
- 4/24/24 - Form 10-Q
- TSLA's page on the SEC website