Tuesday, June 12, 2018

Tesla pulls plug on Home Depot solar sales four months after national kickoff

The bombshell message of Elon Musk's email to Tesla staff Tuesday was that 9% of employees would be let go as the company tightens its fiscal belt while in pursuit of boosted Model 3 sedan output. But a few paragraphs into the CEO's missive, which appeared on his Twitter feed, was equally big news: the company is pulling the plug on a new partnership with Home Depot aimed at growing sales of Telsa's electric-energy collection and storage products through its recent SolarCity acquisition. In opting not to renew a residential-sales agreement with Home Depot, Musk was ending an initiative that kicked off in February and promised to put Tesla-staffed kiosks in all 800 U.S. Home Depot locations....MORE

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