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Tesla solar sees best quarter in 4 years, but 'semiconductor challenges' spell trouble

Tesla's mythical solar rooftops may be on hold correct at present, but its conventional solar business is a different story altogether.

This afternoon, the automaker said the sectionalization had its "strongest" quarter in more than than 4 years, totaling 106 megawatts in the 2d quarter of 2022. "Although nosotros go along to feel import delays on certain solar components that are beyond our command," Tesla reported, "we have expanded our supplier base of operations to enable growth in this business." Compared to the prior-yr quarter, Tesla increased solar deployment by 25%.

Speaking of delays, Tesla's free energy storage division, which includes residential and commercial battery systems, saw deployments fall 11% twelvemonth over year to one.ane gigawatt-hours. The visitor blamed "semiconductor bug" for the pass up, which can be attributed at least in part to Russia'south state of war in Ukraine.

Tesla'due south solar business organization is yet a long way from the highs it reported right after it bought SolarCity, the bankrupt company originally founded by Elon Musk's cousins ​​in 2006. In the concluding quarter of 2016, shortly afterward the acquisition closed, Tesla appear that installations had exceeded 201 MW. Months later, Tesla halted door-to-door solar sales and laid off hundreds of employees. The sectionalization'southward US market share plummeted over the next few years. In other words, Tesla's solar business organisation is even so recovering.

Tesla's solar roofs might not help much. Though the visitor sells many modules that sit on rooftops, it's been struggling to get its solar tile business organization off the basis, so to speak. Musk publicly had high expectations for Tesla's solar tiles, maxim in 2016 that they "should last longer than the firm" and could fifty-fifty become cheaper than a standard roof.

The CEO set a goal of 1,000 home installs per calendar week back in 2019, only the company has reportedly not come shut — earlier this calendar month, Electrek reported that the company installed simply 2.v megawatts of solar rooftops in the second quarter of 2022. That would equate to almost twenty medium-sized (9.6 kilowatts) domicile installs per week, past my own calculation on the back of the napkin. Tesla hasn't said much near its solar roof business lately.

https://techcrunch.com/2022/07/twenty/tesla-solar-panel-best-quarter-in-4-years-semiconductor-challenges/ Tesla sees best quarter for solar in 4 years, but 'semiconductor challenges' spell trouble – TechCrunch

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