Tesla Moves To Close A Dozen SolarCity Facilities Across 9 States

Tesla Moves To Close A Dozen SolarCity Facilities Across 9 States | CleanTechnica

Fast-forward to this June, and Elon Musk confirmed plans (hinted at a month earlier) to restructure the company and announced 9% job cuts. The move came at around the same time that a Delaware judge ruled that Tesla investors had provided enough evidence to show that Elon Musk had misled them into acquiring SolarCity at a cost of $2.6 billion.

So, in reality, Reuters exclusive reporting a week ago revealed that Tesla’s restructuring and job cuts would hammer its residential solar subsidiary hard, including the shuttering of around a dozen installation facilities and the conclusion of a retail partnership with Home Depot — a partnership which, according to Reuters, quoting “current and former employees,” generated approximately half of the company’s sales.

via Tesla Moves To Close A Dozen SolarCity Facilities Across 9 States | CleanTechnica