Cars pass Tesla’s Gigafactory 2, also known as RiverBend, a joint venture with Panasonic to produce solar panels and roof tiles, in Buffalo, New York, in August 2018. Picture: REUTERS
When the two firms announced the partnership in 2016, the companies said they would collaborate on cell and module production and Tesla would make a long-term commitment to buy the cells from Panasonic. Cells are components that convert the sun’s light into electricity; they are combined to make solar panels.
A Tesla official declined to comment on its purchases of cells from Panasonic or to provide figures for Solar Roof installations. Since Tesla purchased SolarCity in the fourth quarter of 2016, installations have dropped more than 76%, according to company financial disclosures. The zones help companies avoid, delay or pay reduced tariffs on imported parts in cases where it helps US manufacturers compete with overseas rivals.
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