Tesla,Solar City
Date: 2019-06-14
"I am very excited about version 3 of solar roof. We have a shot at being equal to a comp shingle roof plus someone's utility cost or being lower than that. That's one of the cheapest roofs available. So you can have a great roof with better economics than a normal fairly cheap roof and your utility bill." -- Elon Musk, Tesla, CEO

According to Tesla CEO Elon Musk, Tesla's next generation of solar roof tiles will be even less expensive than initially announced after Tesla's 2017 merger with Solar City. Today, a standard asphalt shingle roof can cost as little as $4 per square foot. In 2018, the Solar City solar tiles cost about $21.85 per square foot.

Tesla acquired SolarCity in 2016 for $2.6 billion and planned to offer solar panels and home battery storage systems to consumers through its retail stores and online. In 2018, Tesla cut prices on its residential solar systems and its often touted solar roof tiles have not yet been produced on a commercial scale. (Source: Tesla, ZME Science, June, 2019)Contact: Tesla, www.teslamotors.com; SolarCity Corp., (650) 638-1028, www.solarcity.com

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Tesla,Solar City
Date: 2019-05-10
As previously reported, in an effort to counter sinking installations at its Solar City subsidiary, Tesla has slashed prices by one-third or more in what is seen as a "last gasp effort" to reverse plunging sales.

In 2015, the year before it was acquired by Tesla, SolarCity installed 870 MW of solar systems shrinking to 326 MW of installations in 2018 under Tesla's ownership.

Tesla acquired SolarCity in 2016 for $2.6 billion and planned to offer solar panels and home battery storage systems to consumers through its retail stores and online. In 2018, Tesla cut prices on its residential solar systems and its often touted solar roof tiles have not yet been produced on a commercial scale.

(Source: Tesla, May, 2019) Contact: Tesla, www.teslamotors.com; SolarCity Corp., (650) 638-1028, www.solarcity.com

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Tesla,Solar City
Date: 2019-05-01
Following a reported Q1 slide in solar installations, SolarCity owner Tesla Inc reports it is selling solar panels and related equipment online for up to 38 pct below the national average price, according to New York Times coverage.

Tesla acquired SolarCity in 2016 for $2.6 billion and planned to offer solar panels and home battery storage systems to consumers through its retail stores and online. In 2018, Tesla cut prices on its residential solar systems. The company's ballyhooed and long awaited solar roof tiles that unveiled in late 2016 have not yet been produced on a commercial scale. (Source: Tesla, NY Times, 29 April, 2019) Contact: Tesla, www.teslamotors.com; SolarCity Corp., (650) 638-1028, www.solarcity.com

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Tesla
Date: 2017-07-07
Tesla’s company-branded solar panel is now officially on sale on selected stores. The official sale of the solar panel in stores follows after the announcement of the Silicon Valley-based Corporation which has instigated a push on Tesla (NASDAQ:TSLA) Solar promotional supplies in its shops and verified a preliminary platform where it wholesaled some of its solar merchandises from the sites. The preliminary platform was a success and it is now expected that Tesla’s Solar Roof and other Tesla-Branded solar Panels will now be available on stores nationwide and globally.

As seen in reports, Tesla has expounded on the reports in their Q1 shareholders letter. “Recently, we tested sales of our solar and storage products in several Tesla stores, and saw sales productivity improve 50% to 100% relative to the best non-Tesla retail locations. Based on these results, we are working towards fully staffing more than 70 Tesla stores in the U.S. and abroad with dedicated Tesla energy sales people over the next two quarters.”

Back in November, Tesla acquired SolarCity for an amount of $2.6 billion – a very much discussed acquisition by the shareholders. However, some questioned the move. The acquisition was deemed the world’s first ever vertically integrated defensible energy corporation and so far, Tesla remains as the only company serving in that industry. Solar City helped Tesla in its Battery Storage goods has improved its mass scale solar solution infrastructure. (Source: Tesla, Investing.com, 3 July, 2017)

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