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The American company Tesla will partially reduce the business of sale and installation of solar panels, Reuters reports citing internal documents of former and current employees of the company. To reduce costs and achieve profitability, last week, Tesla said about a downsizing of 9% of employees, which is carried out as part of the overall staff reduction plan. In 2016, Tesla acquired SolaryCity for $2 billion 600 million, on the basis of which it established a division for the sale and installation of solar panels. According to internal documents, Tesla plans to close 14 branches in various states, leaving 60 branches operating. The company intends to cease cooperation with the network of construction materials stores Home Depot and will sell the panels through its own stores.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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