Tesla sees best quarter for solar in 4 years, but ‘semiconductor challenges’ cause trouble – TechCrunch

Tesla’s mythical solar rooftops may be on ice right now, but its conventional solar business is a whole different story.

This afternoon, the automaker said the division recorded its “strongest” quarter in more than four years, with a total of 106 megawatts deployed in the second quarter of 2022. import beyond our control on certain solar components,” Tesla reported. , “we have expanded our supplier base to enable the growth of this business.” Compared to the same quarter last year, Tesla increased its solar deployments by 25%.

Speaking of delays: Tesla’s energy storage arm, which includes home and commercial battery systems, saw an 11% drop in year-over-year deployments to 1.1 gigawatt hours. The company blamed the decline on “semiconductor challenges,” which are at least partly due to Russia’s war in Ukraine.

Tesla’s solar business is still far from the highs it announced just after buying SolarCity, the insolvent company originally launched in 2006 by Elon Musk’s cousins. In the last quarter of 2016, shortly after the acquisition closed, Tesla said deployments exceeded 201 MW. Months later, Tesla halted solar home sales and laid off hundreds of employees. The division’s US market share fell in subsequent years. In other words, Tesla’s solar business is still recovering.

Tesla’s solar rooftops may not help much. Although the company sells many rooftop panels, it has struggled to get its solar tile business off the ground, so to speak. Musk has publicly set high expectations for Tesla’s solar tiles, saying in 2016 that they “should outlast the house” and may even become cheaper than a standard roof.

The CEO set a goal of 1,000 home installs per week in 2019, but the company reportedly failed to come close. Earlier this month, Electrek announced that the company had only installed 2.5 megawatts of solar rooftops in the second quarter of 2022. medium-sized household installations (9.6 kilowatts) per week, according to my own calculations at back of the towel. Tesla hasn’t said much lately about its solar rooftop business.


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