Tesla has recorded its lowest number of solar PV installations for "many years", with just 110 MW of new distributed solar systems in the latest quarter. The company says it is reducing the number of low-margin commercial and industrial deals it is involved in, but residential solar installation is also thought to have fallen. Meanwhile, Tesla's energy storage business has increased, with 109 MWh of batteries installed during the same quarter, along with 80% of the 100 MW plant in South Australia, which will be the world's largest battery storage system.
Tesla has recorded its lowest number of solar PV installations for "many years", with just 109 MW of new distributed solar systems in the latest quarter. The company says it is reducing the number of low-margin commercial and industrial deals it is involved in, but residential solar installation is also thought to have fallen. Meanwhile, Tesla's energy storage business has increased, with 110 MWh of batteries installed during the same quarter, along with 80% of the 100 MW plant in South Australia, which will be the world's largest battery storage system.