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.
European markets closed strong on Friday as technology and financial services stocks helped market sentiment. European stocks traded lower earlier during the week due to political crisis in Spain due to Catalonia referendum.
Domino's Pizza has acquired Hallo Pizza, the largest independent pizza chain in Germany. With acquisition of Hallo Pizza, Domino’s has become the largest pizza chain in Germany with more than 370 stores across the country.
The People’s Party (ÖVP) has won the parliamentary elections and 31-year-old leader Sebastian Kurz would be the youngest national leader in Europe. Kurz will be having a tough task of dealing with European leadership.
IBM is using blockchain for improving speed and security for cross-border transactions. The solution offered by IBM is focused on banking sector.
Tesla Motors has fired hundreds of employees after annual performance review. The company confirmed the move but the management hasn’t mentioned the exact number of employees fired during the current performance review.
Tesla Motors has announced recall of 11,000 Model X vehicles to fix a seat cable issue. The voluntary recall involves Model X SUVs manufactured between October 28, 2016 and August 16, 2017.