Tesla’s solar roof panels to cost lower than earlier estimates
The first two styles of Tesla’s solar roof will cost customers nearly $21.85 per square foot, cheaper than many industry analysts had anticipated.
The price announced by Tesla is lower than the price of $24.50 per square foot that Consumer Reports had predicted. That prediction was based on Tesla’s ability to achieve a competitive price to conservative roofing materials like asphalt, once savings from power bills would be factored in over expected lifetime of the roof.
However, several people had expressed skepticism that the company’s product would be affordable.
The first two styles of Tesla’s glass tiles are: black glass smooth and textured versions. These are among the four planned styles that the company had unveiled earlier this year.
Tesla is going to sell solar roof during a “trying” time as a recent report from GTM Research indicated that the second half of last year witnessed first significant drop in U.S. solar companies’ operations.
Following the release of the pricing, Tesla’s shares closed up more than 1 per cent on Wednesday.
Following an unanticipated upturn in economic activity in September, the eurozone economy is widely expected to be on track for the best quarter since 2015.
Elon Musk-led electric carmaker Tesla Motors has confirmed that it will discontinue its cheapest version of its Model S e-car, the rear-wheel-drive S60, on coming Sunday.
Motorola’s parent firm Lenovo recently announced the launch of the Moto G5S and G5S Plus smartphones in several markets. The company will shortly share its plan for worldwide launch.
Luxury vehicle maker Volvo has just introduced the 2018 XC40, the company’s latest SUV that looks forward to compete with the Porsche Macan or Range Rover Evoque.
European Commission President Jean-Claude Juncker’s proposal to expand Eurozone by bringing more countries into it has triggered controversy, mainly in Germany, where Chancellor Angela Merkel is seeking re-election.
Wall Street soared to record highs on Friday, thanks to robust trading in telecommunication shares as well as bouncing back of technology shares after a couple of days of declines.