[blueplum]

7 min read.

[Moonman62]

...The situation raises new questions about the viability of cash-strapped Tesla’s solar business.

...

Tesla isn’t cash strapped. They just raised new capital and they’ll be receiving a payment of two billion dollars from Fiat.

[Pontiac]

The “great majority” of solar cells being produced at Tesla Inc’s factory in upstate New York are being sold overseas instead of being used in the company’s trademark “Solar Roof” as originally intended, according to documents reviewed by Reuters.

Panasonic spokesman Alberto Canal declined to comment on the company’s sales to Tesla, but confirmed that Panasonic was seeking to use its Buffalo operations to fulfill demand for U.S.-made solar cells from foreign buyers.

I don’t see this as a problem.

Sold overseas is a good thing. The factory is selling its product.

Unless the cells are being sold at a loss. What’s the problem other than Solar Roof isn’t selling. But then maybe Americans are finally wising up to the fact that Solar is a scam.

[zeestephen]

I hope their top customer is NOT China.

I like Elon Musk, and I am really pulling for him to sort all this stuff out.

But, my instincts say that Tesla is going under.

The stock is worth $40 billion, but short selling is almost 22%, which is VERY frightening number.

[exPBRrat]

I’m no fan of Tesla but exports are good for America.

[woodbutcher1963]

I can not clip and paste from this Reuters article.

However, what it states, if anyone bothers to read the article, is that the solar panel parts are being shipped overseas because IF the foreign assembler uses USA manufactured parts they can then sell the FULLY ASSEMBLED solar panel into the US without paying the US import tariff on foreign solar panels.

So, Panasonic makes the solar panel parts in the factory they share with Tesla in Buffalo. They then ship the US made “parts” to China or some other cheap Asian labor country. Then that manufacturer does not have to pay the duty/tariff on solar panels imported back into the US.