Walmart’s fire suit may 'spook' solar customers Tesla wants

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The suit marks another high-profile headache for Tesla’s solar unit, which has lost much of its market share as it repeatedly rejiggers its strategy. FMTNews

The complaint, filed in New York state court, accuses the company of shoddy installations and “widespread, systemic negligence.”

Tesla shares fell 2.2% on Wednesday to US$220.83. The company didn’t respond to requests for comment. The automaker’s attorney, in that letter, said the power not generated from the solar systems had contributed to at least US$13.7 million in damages , a figure that increases by at least US$37,400 daily.

Tesla bought SolarCity Corp for $2.6 billion in 2016, then shifted away from leases to prioritise outright sales.The company recently shifted to offering standardised panel systems online, rather than customised arrays.Last month the company reported its fewest quarterly installations to date, 29 megawatts.

 

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