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Tesla has only installed 3,000 Solar Roof systems in the U.S., far below forecast, study finds - TL;DR CNBC

Tesla has only installed 3,000 Solar Roof systems in the U.S., far below forecast, study finds

Publishing timestamp: 2023-03-30 17:57:57


Summary

Tesla has only installed 3000 of its Solar Roof systems in the US, falling well short of its guidance and ambitions for the technology. The report highlights CEO Elon Musk's struggle to integrate the solar energy business into his electric car company following the 2016 acquisition of SolarCity. While Tesla's traditional solar panels have seen some improved traction in the market, the Solar Roof effort has struggled, with the company's average weekly installations reaching just 21 in 2022.


Sentiment: NEGATIVE

Tickers: TSLA

Keywords: solar powerelon musktesla incbusiness newsautostechnology

Source: https://www.cnbc.com/2023/03/30/tesla-has-installed-3000-solar-roof-systems-in-the-us-study-finds.html


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