More solar cuts for Tesla
Tesla is making more dramatic cuts to its residential solar business.
The company, which recently revealed it was pulling its solar program out of Home Depot stores, is preparing to shutter more than a dozen manufacturing facilities in 9 states, Reuters is reporting based on exclusive documents obtained by the news agency.
Last week Tesla also revealed that it was cutting 9% of its workforce and said many of the layoffs would stem from duplicated services. The electric car manufacturer acquired the SolarCity residential solar installation business two years ago for about $2.6 million.
Facilities labeled for closing include locations in Arizona, California, Connecticut, Delaware, New Jersey, New York, New Hampshire, and Texas.
The Home Depot’s partnership with Tesla is expected to be finalized by the end of this summer. The world’s largest home improvement retailer said it plans to work with Tesla solar competitor Sunrun.
The company, which recently revealed it was pulling its solar program out of Home Depot stores, is preparing to shutter more than a dozen manufacturing facilities in 9 states, Reuters is reporting based on exclusive documents obtained by the news agency.
Last week Tesla also revealed that it was cutting 9% of its workforce and said many of the layoffs would stem from duplicated services. The electric car manufacturer acquired the SolarCity residential solar installation business two years ago for about $2.6 million.
Facilities labeled for closing include locations in Arizona, California, Connecticut, Delaware, New Jersey, New York, New Hampshire, and Texas.
The Home Depot’s partnership with Tesla is expected to be finalized by the end of this summer. The world’s largest home improvement retailer said it plans to work with Tesla solar competitor Sunrun.