Tesla Stopped Reporting Solar Numbers 10 Quarters Ago. Now the Solar Roof Is Gone, Too.
Key PointsTesla stopped taking Solar Roof orders as of Aug. 20 and told its certified installers it will no longer supply the tiles, Electrek reported.
Tesla has ceased reporting figures related to its Solar Roof product, it emerged from a recent report by Electrek. The company discontinued accepting orders for the glass solar tiles as of August 20, informed its network of certified installers that it would no longer be supplying the product, and redirected the Solar Roof section on its website to conventional solar panels.
Initially unveiled in October 2016, the Solar Roof was marketed as a revolutionary alternative to traditional roofing - shingles that generate power while maintaining a superior aesthetic appeal to standard tiles. In a statement during Tesla's first-quarter 2020 earnings call, CEO Elon Musk expressed confidence in the product's potential, stating that they were "confident that, let's say, within the next, I don't know, year or -- maybe even by end of year, we should be installing at a rate of 1,000 a week."
The abrupt cessation of Solar Roof production and reporting stands in stark contrast to Tesla's usual robust public stance, raising questions about the broader energy sector and the investment landscape for growth-oriented stocks.
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