Tesla moves to close facilities in 9 states

Tesla Moves To Close A Dozen SolarCity Facilities Across 9 States

Tesla’s spokesperson further pointed to further comments in its recent shareholder letter to give further context for its future sales opportunities, which said: “We also deployed 76 MW of solar energy generation systems in Q1. Cash and loan system sales made up 66% of residential deployments in the quarter, up from 31% in Q1 2017 and 9% in Q1 2016. Due to higher upfront cash sales, lower emphasis on less profitable commercial projects and consolidation of our sales channels, our solar business had slightly positive cash flow throughout 2017. We are expecting cash flow from our solar business to remain at this level in the first half of 2018 and then improve significantly thereafter.”

Author: Scott Wallace

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