Tesla is about to cut the price of solar panels by 38%, NYT says - storage battery systems

by:MERITSUN     2019-10-17
Tesla is about to cut the price of solar panels by 38%, NYT says  -  storage battery systems
According to the New York Times on Tuesday, Tesla plans to announce on Tuesday that it has started selling solar panels and related equipment at a price of 38% lower than the national average.
According to the report, the company aims to reduce prices by standardizing the system and requiring customers to order goods online.
After reporting a 36-cent drop in solar installations in the first quarter, Tesla said last week that it launched a new solar price and sales strategy without giving any details.
The electric car maker bought SolarCity in 2016 for $2.
6 billion, the company plans to provide consumers with solar panels and household battery storage systems through the company.
Tesla is trying to sell solar panels in retail stores and online to align it with the company's ambitious luxury car brand.
The move is in contrast to SolarCity's populist vision of allowing everyone to use rooftop solar power, and Tesla's sales are lagging behind.
At the end of last year, Tesla lowered the price of its residential solar system.
Meanwhile, the solar roof tiles released by the company at the end of 2016 have not yet been mass-produced.
Tesla Chief Executive Elon Musk says solar roofs are the cornerstone of his strategy to sell fossil energy. fuel-
Free lifestyle under the Tesla brand.
Tesla did not immediately respond to a request for comment from Reuters.
T. ©Thomson Reuters 2019
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