"It's Been A Difficult Few Days" - Musk Shutters 'SolarCity Facilities' Across 9 States [zero hedge]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: zero hedge
Nobody could have seen this coming...In the first quarter of this year, Tesla installed 76 megawatts of solar systems - down from SolarCity’s more than 200 MW a quarter in early 2016, when it was the leading player in the industry. In announcing quarterly results in February, Tesla said growth in solar deployments would resume later this year.Just a week after laying off 9% of Tesla's non-Tesla vehicle production employees (and reminded investors that "profit is obviously not what motivates us") Reuters reports that Elon Musk will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees.The latest cuts to the Tesla division once known as SolarCity include closing about a dozen installation facilities, according to internal company documents, and ending a retail partnership with Home Depot that reportedly generated about half of its sale
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TSLA
News
- Tesla's Most Crucial Metric Drops to the Lowest in Three Years [Yahoo! Finance]Yahoo! Finance
- Tesla's Most Crucial Metric Drops to the Lowest in Three Years [BNN Bloomberg (Canada)]BNN Bloomberg
- Here's What's Happening in Markets: April 26 [Yahoo! Finance]Yahoo! Finance
- 10 out of 14 S&P 500 consumer discretionary stocks post earnings beat - Earnings Scorecard [Seeking Alpha]Seeking Alpha
- Tesla Autopilot recall probed by safety regulator following new crashes [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
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