Saturday Feb 04, 2023

Tesla solar business rebounds as supply issues ease – Buffalo News


Tesla’s solar energy business had its best quarter in more than four years, rebounding from supply chain issues that had depressed installations during the winter.

While the supply chain issues persist in the solar business, they have dissipated somewhat as the company has expanded its supplier base, the firm said as it reported better-than-expected quarterly profits, despite supplier issues that led to lower electric vehicle deliveries in the quarter.

Tesla said nothing about production of its solar roof – the roofing product with solar cells built inside – that is supposed to be the signature item made at is South Buffalo factory, built with $950 million in taxpayer money.

Tesla’s solar roof is complex, and that has slowed the development of the roofing system and its rollout. Tesla CEO Elon Musk admitted in the spring that the company made “significant mistakes” that underestimated how difficult the new roofing product would be to install on some roofs, especially those with odd dimensions and shapes.

People are also reading…

Tesla, in its only comment related to the solar roof in its report to shareholders, said it has made progress making installations more efficient.

“Our solar installation team continues to improve installation efficiency, enabling higher volumes and stronger economics,” the company said.

Tesla said it deployed 106 megawatts of solar energy generating capacity during the second quarter, more than double the 48 megawatts it installed in the first quarter, when the supply chain issues were more severe. It was the most solar energy Tesla has deployed since the third quarter of 2017.


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top