SolarCity Looks Like a Huge Mistake for Tesla
In this week's Industry Focus: Energy, host Nick Sciple chats with analyst Jim Mueller about the latest in the never-ending press spectacle that is Tesla (NASDAQ: TSLA). First, an update on Tesla Insurance. The insurance site went live, and customers were told they might snag rates 20% to 30% lower than the competition. Where is Tesla Insurance getting those 20% to 30% lower numbers? That's unclear, and the website was abruptly closed for an "algorithm update."
The story that's been grabbing even more headlines, though, is the solar roofs at Walmart. Nick and Jim talk about why the SolarCity acquisition is turning out to be a big problem for Tesla, how that problem could get even worse in just a few months, where the roof fires fit into it all, and how Tesla could turn this around.
Stay tuned to the end for a ray of hope for the struggling carmaker.
Source Fool.com
