Tesla’s Rooftop Photo voltaic Enterprise Retains Cooling Off

A 12 months in the past, Tesla misplaced its throne as king of the U.S. rooftop photo voltaic enterprise to Sunrun. Now, it could get relegated to 3rd place.

Tesla reported on Wednesday that it deployed simply 47 megawatts within the first quarter, down from 73 megawatts a 12 months earlier and the fewest the corporate has put in in a single quarter because it purchased SolarCity in late 2016. Rivals Sunrun and Vivint Photo voltaic haven’t posted their newest earnings outcomes but, however they deployed 115 megawatts and 54 megawatts, respectively, within the fourth quarter.

And that’s simply the publicly traded corporations. It’s attainable privately held Sunnova Vitality is putting in greater than Tesla, too.

In its first-quarter replace, Tesla doesn’t actually go into the explanations for the slide in its photo voltaic installations, however the firm has pulled again advertising and stated in February that it could shut shops and promote its panels on-line as an alternative. Tesla famous this plan on Wednesday whereas including that its aim is to place prospects “ready of money technology after deployment with solely a $99 deposit upfront.” That method, it stated, “there must be no cause for anybody to not have photo voltaic technology on their roof.”

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