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Tesla is pitching customers on a new rental offering for solar power as a way to revive the flagging fortunes of its renewable energy business.
Once among the largest installers of renewables in the country through SolarCity, Tesla has seen its share of the market decline significantly since its acquisition of SolarCity three years ago. In the second quarter Tesla deployed only 29 megawatts of new solar installations, while the number one and two providers of consumer solar, SunRun and Vivint Solar installed 103 megawatts and 56 megawatts respectively.
Reason - Elon - Musk - Twitter - Sunday
That’s likely one reason why Elon Musk took to Twitter early Sunday morning to pitch the new solar rental program.
According to Musk, the new program is “like having a money printer on your roof” for potential customers who live in states with high energy costs. “Still better to buy,” Musk exhorted, “but the...
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