Tag: said
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Solar Sh*tty: Tesla’s Latest Controversy Unearths New Fire Claims, Lawsuits & Safety Worries
It had been just about a week and a half that we reported about Walmart suing Tesla for faulty solar panels that it alleges caused fires at seven of its places. A couple of days later, Amazon joined the fray. The retail giant claimed its Tesla solar panels ignited and stated Tesla solar energy systems went…
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Profit before safety? Walmart sues Tesla, claims solar panels caused fires at several stores
Retail giant Walmart is fueling Elon Musk’s electric vehicle manufacturer and energy company Tesla, accusing it of “gross negligence” and penalizes Tesla’s rooftop solar panels to get fires at seven of its stores. In a lawsuit filed at the New York State Supreme Court, Walmart explained that it confronted massive losses after the panels supplied…
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Elon Musk’s Latest Plan for the Solar Market: Rentals
Tesla will now let solar systems to customers in six states for $50 at a scheme to boost solar deployments once it logged its quarterly installments in Q2. At a Sunday tweet, CEO Elon Musk said the new sales model is ldquo;such as having a cash printer on your roof if you live in a…
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The daily business briefing: July 25, 2019
1. The Federal Trade Commission on Wednesday struck Facebook using a record $5 billion nice and ordered the social media giant to step up supervision of its own handling of consumer information. The movements were part of a settlement on allegations that Facebook tricked users about their control over the privacy of their personal info.…
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Jeff Bezos is ‘very excited’ about the automotive industry
Amazon CEO Jeff Bezos told employees he is ‘very excited’ about the automotive industry, a potential hint in the tech giant’s next major drama. It’so hard to imagine that Amazon started off as a small Seattle bookstore. Now it’s regarded not just an e-commerce giant, but also a leader in areas like cloud computing, AI,…
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Tesla Sets Record for EV Deliveries, but Losses and Solar Shrinkage Endure
Tesla presented mixed results in the second quarter of 2019, including a delivery list of 95,356 electric vehicles and document deployments of its energy storage products. However, Tesla's solar company has turned into a shadow of its former self, and the firm 's worse-than-expected loss spooked investors Thursday. The company ended the quarter with $5…
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The daily business briefing: July 16, 2019
1. House Speaker Nancy Pelosi (D-Calif.) Said Monday that the House wouldn’t increase the debt ceiling unless it’s a component of a funding deal. Treasury Secretary Steven Mnuchin informed reporters that Congress might need to increase the debt ceiling until its August recess when there is not any budget agreement before then. Otherwise, he said,…
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Boeing’s 737 Max Chief Retiring As AG Barr Recuses Himself From Boeing Probe
Another day, yet another fiasco in the largest US airline carrier, and this time it is oddly reminiscent of the conditions surrounding the melting ice-cube that is Tesla. Together with Boeing’s workhorse and hottest airline – at least until lately when it was unveiled to become an occasional cost-cutting driven lead balloon – seated indefinitely,…
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Faraday Future fires dozens of employees on unpaid leave
Sputtering electric car startup Faraday Future has fired dozens of workers who have been on unpaid leave for weeks , such as manufacturing workers hired to staff the company’s factory in Hanford, California, The Verge has heard. The workers received benefits in this furlough, which started in late 2018, also it’d been extended after .…
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Tesla Slips Again in Residential Solar Rankings, Dropping to Third in Q1 2019
Tesla, the lux energy firm that also sells cars, sank to next position among residential solar providers for installations in the first quarter of 2019. The latest ranking, from Wood Mackenzie Power & Renewables, shows Vivint Solar knocking Tesla out of second location. Sunrun’s direct solar business pulled forward of Tesla in the second half…