Tag: SolarCity

Former employees of Tesla-owned SolarCity have alleged in a lawsuit that the company reported millions in fake sales in order to overvalue the company for investors.

Tesla finally confirmed that the company’s “Solar” division will end a partnership with Home Depot and close about 20 percent of its installation centers.

Electric car manufacturer Tesla reportedly plans to close a dozen solar facilities in nine states in the U.S.

Tesla recently announced the largest quarterly loss in the company’s history and stated that they would be slashing production on their Model X and Model S cars to focus resources on the development of their Model 3 vehicle.

Tesla and SpaceX CEO Elon Musk camped out on the roof of his “Gigafactory” this week after hundreds of workers were fired from Tesla and its subsidiary SolarCity.

Tesla has fired more than 200 additional employees from their SolarCity subsidiary, some of which claim that performance reviews never took place.

Republicans have found healthcare reform to be a difficult task – and have put replacing Obamacare on the back burner – but the President and the GOP-controlled Congress must demonstrate to the American people that they can turn campaign promises into legislation. What gives me confidence they will meet this challenge is the desire of American voters to overturn many of President Barack Obama’s failed policies and resilient Republican leadership at both ends of Pennsylvania Avenue.

Despite the U.S. Congress passing the Consolidated Appropriations Act in December 2015 to slather another $9.3 billion of taxpayer credits on new solar power added to the electrical grid, California solar installments peaked in 2015 and are now headed south.

Despite Elon Musk’s showmanship during the unveiling of the “Solar Roof” as justification for Tesla shareholders to accept a huge dilution by merging with debt-ridden SolarCity, the hyped product already looks dead-on-arrival.

When New York’s Democrat Governor Andrew Cuomo gushed over SolarCity’s new solar panel factory in Buffalo, New York, the audience, likely, didn’t grasp the recently-revealed meaning of his words: “It is such a metaphor—a symbol of everything we’re doing.”

In Silicon Valley, it is a worse “crime” for the founder of Oculus VR, Palmer Luckey, to have donated in support of Republican presidential nominee Donald Trump than for Facebook to have potentially engaged in fraudulently inflating its average video viewing times for the last two years.

SpaceX CEO Elon Musk will officially launch “Making Humans a Multiplanetary Species” on Tuesday, September 27, when gives a keynote speech at the 67th International Astronautical Congress in Guadalajara, Mexico.

Apple Inc. is promising to appeal the European Commission’s decision that it owes $14.5 billion in European taxes because it says the company’s current effective tax rate of 0.00045 percent is “fair.”

In endorsing Hillary Clinton as the Democrat’s choice for President, Sen. Bernie Sanders decried “greed, recklessness, and illegal behavior” and declared that we couldn’t let “billionaires buy elections.”

While Elon Musk was claiming that Tesla Motors will produce 500,000 electric cars in 2018 and 1,000,000 cars in 2020, a leading short-seller on Wall Street admitted he is now betting heavily against Tesla.

Worried about self-preservation, and acting in its own best interest—rather than that of consumers specifically, and America in general—solar industry groups have sprung up to defend the favored-status energy policies and attack anyone who disagrees with the incentive-payment business model.

Having a successful business takes a lot of hard work, good market analysis, a better product or service than the competition, and advertising. Add in a bit of luck, and hopefully it will grow. If, however, you are a politically favored business—say solar—your story is different.

If you live in the United States, vote, pay taxes, and get your electricity from a utility company, you’ve helped the solar power industry. You support the solar industry through a variety of tax and regulatory policies—voted in by politicians you elected—that favor it over other lower-cost forms of electricity generation.

If you build it we will come could be the mantra for Los Angeles billionaire mogul Elon Musk.