viewTesla Inc

Tesla cuts solar power prices to spur use of sustainable energy, says CNBC

Lowering prices for its solar products should make the company highly competitive

solar panels
Tesla is an electric car maker cutting prices for its solar products

Tesla Inc (NASDAQ:TSLA) is reducing the prices of its solar power systems so it can be affordable and encourage the use of sustainable energy, a report by CNBC said.

The change in prices would allow the average customer of Tesla to get savings of between $3,000 and $4,000, the report quoted a Tesla spokesperson as saying.

READ: Tesla announces new lower-cost Model 3; 4Q vehicle deliveries seen very strong, says Morgan Stanley

"This change, along with our push to continue shortening the time between sale to installation, will accelerate the adoption of solar and the world's transition to sustainable energy," the official said.

A report by Reuters on Thursday quoted Tesla's senior vice president of energy operations, Sanjay Shah, as saying that the price cuts should make the company "highly competitive."

Shah added that the business wanted to become the lowest-cost solar provider in the US. Tesla deployed 93 megawatts of solar energy generation systems in the third quarter of 2018.

Tesla is the world's premier electric vehicle maker.

Contact Rene Pastor by [email protected]

Quick facts: Tesla Inc

Price: 917.42 USD

Market: NASDAQ
Market Cap: $166.37 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Empower Clinics reformulates Sollievo product line to...

Empower Clinics (CSE: CBDT-OTC: EPWCF) Chairman and CEO Steven McAuley joined Steve Darling in the Vancouver studio of Proactive to bring news the company has launched a series of re-formulated versions of its CBD tincture product line Sollievo. McAuley talks about why they did it and how...

12 hours, 33 minutes ago

2 min read