Tesla blames solar slump on interest rates as energy storage biz booms

Tesla’s solar installations are still slipping, the company told investors on Wednesday.
The automaker reported 66 megawatts-worth of solar deployments during its second quarter of 2023, representing a 1 MW decline from the first quarter and a 40 MW decline from the second quarter of 2022. In other words, Tesla solar installations fell by roughly 37% from Q2 2022 to Q2 2023.
Tesla said the year-over-year decline was “predominantly due to a high interest rate environment that is causing postponement of solar purchasing industry-wide.” The firm’s energy deployments, how

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