Tesla Inc. has another financial worry: Its home solar-panel business is facing slowing installations and could be on the hook for financial promises it made to some investors, just as the U.S. tax law presents new risks to the industry.
SolarCity, which the electric-car maker bought in 2016, is undergoing a sweeping sales revamp that reduced the number of panels the company installed last year.
Is that a house of cards I see?
Prediction of strong winds coming?
Overdue
Of course they are.
Every goof in lalaland that posts Tesla stuff as ‘revolutions in science’ seems to lack even a basic understanding of it.
Environmentalism is the new religion requiring extreme leaps of faith.
Not to mention the shareholder lawsuit.
https://www.fool.com/investing/2018/04/07/lawsuit-over-solarcity-buyout-a-distraction-tesla.aspx
Forget about the stock (which Musk probably got at nominal cost), he had bonds with Solar City totaling $100 million (real dollars, not stock dollars).
Solar Panels…a great idea – for RV’s
That Tesla is failing apart on so many fronts should come as no surprise….