Tesla, Inc.: Demand Is "Strong" for Solar Tiles
Tesla's (NASDAQ: TSLA) cell production for its solar roof tiles, which were announced in May, is finally underway at the company's Buffalo, New York, factory, according to a new report from the Associated Press. Tesla was previously only building "pilot Solar Roof products" on a small scale at a factory in Fremont, California.
Tesla's solar roof is a result of its $2 billion acquisition of SolarCity last year. The electric-car maker believes that by offering electric vehicles, solar products, and energy storage, it gives its customers a way to enjoy a complete and integrated sustainable energy solution.
Tesla Textured solar glass tiles. Image source: Tesla.
Source: Fool.com