Tesla Stopped Reporting Solar Numbers 10 Quarters Ago. Now the Solar Roof Is Gone, Too.
The last solar figure the company reported was down 59% year over year.
Overview
Tesla (NASDAQ:TSLA) has ended the Solar Roof, according to reporting from Electrek. The company stopped taking orders for the glass solar tiles as of Aug. 20, told its network of certified installers it will no longer supply the product, and redirected the Solar Roof page on its website to conventional solar panels.
The product Tesla unveiled in October 2016 was pitched as the reinvention of the roof -- shingles that generate power while looking better than ordinary tiles. CEO Elon Musk put a number on the ambition. "I'm confident that, let's say, within the next, I don't know, year or -- maybe even by end of year, we should be installing at a rate of 1,000 a week," Musk said on Tesla's first-quarter 2020 earnings call.
Details
For a company that rarely retreats in public, the shutdown is unusual. So what does it say about the energy business that investors in the growth stock actually own?
Source
Originally published at www.fool.com.