Tesla will cut prices for its solar modules by up to 38 percent below the national average in order to return to the solar market To gain ground, the New York Times reported today. The official announcement will be published later on the Internet day.
Tesla entered solar power with the SolarCity acquisition in 201
Tesla Acquired SolarCity for $ 2.6 Billion plus the Takeover of Another $ 3 At that time, many questioned the wisdom of such an acquisition because SolarCity was a cash register. Since then, Tesla has streamlined the company's business by pursuing the plan to become a one-stop shop of energy solutions, from batteries to solar roofs. Concerns about the luxury car manufacturer's solar business have continued to deepen, but according to the New York Times executives, the price cut should bring these measures to a standstill.
This is not the first time that Tesla has lowered its solar energy prices. Reuters reported that the company lowered prices for home solar power systems last November to boost sales, said Sanjay Shah, the company's senior vice president, Energy Energy. The price cut was a respectable 15 to 25 percent, equivalent to $ 3,000 to $ 5,000 per system. The move is part of an ongoing restructuring of SolarCity.
The acquisition of the solar module manufacturer was part of Tesla's strategy to one day become a one-stop-shop for all energy that allowed households to become cars with roof tiles, battery packs and, of course, as independent as possible. However, achieving this goal has proved difficult as the company still does not meet its own product release deadlines. This is especially true for the flagship model 3, which Tesla not only wants to turn into a luxury brand.
By Irina Slav for Oilprice.com
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