Tesla slashes solar panel prices

Published May 17, 2019 4:00am ET



With discussions about climate change and climate legislation at the forefront of many minds across the United States, Tesla has announced plans to cut the price of its solar panels to 16% below market average.

The price drop marks Tesla’s first effort to raise solar sales after the company reported over $700 million in total losses in the first quarter of 2019 and saw its stock price fall to one of its lowest points in the last calendar year. Momentum, however, is on the company’s side with the news that Tesla’s Model 3 electric sedan was the No. 1 best-selling car in the luxury market for the first quarter of 2019 by a wide margin.

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