Tesla desires to reverse photo voltaic worth enhance for some clients: authorized movement
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Tesla is trying to appease some solar customers who say they faced sudden price hikes earlier this year, according to new filings in the U.S. District Court in San Jose, California.
In a filing on Thursday, the clients ‘attorneys wrote, “Tesla informed the plaintiffs’ attorney that Tesla recently launched a program for customers who signed solar roofs prior to the April 2021 price changes to give those customers a price increase at their original prices in April 2021). “
Further details about this program were not available on Tesla’s solar websites or on the company’s Engage website for customers and advocates as of Friday afternoon. CNBC reached out to plaintiffs’ attorneys and Tesla for more details about the program. They didn’t react immediately.
This spring, frustrated Tesla solar customers sued the company after seeing surprising price increases.
In three separate lawsuits, it was alleged that Tesla solar customers were already signing contracts with Elon Musk’s electric vehicle and renewable energy companies and were even willing to have photovoltaics installed in their homes when they were surprised by sudden price hikes requiring additional payments the move required advance with their installations.
The price increases were not trivial. For example, the plaintiff’s Matthew Amans solar roof skyrocketed from around $ 72,000 per original contract to around $ 146,000, according to the complaint.
These lawsuits were later merged into Amans v Tesla, Inc.
Tesla raised the prices of its solar systems at least twice earlier this year and made it compulsory for customers who order solar panels or roof tiles to also order the Powerwall home energy storage system. Later, CEO Elon Musk announced that due to the ongoing microchip shortage this year, the company would not be able to manufacture enough powerwalls to keep up with demand.
Overall, solar remains a relatively small part of Tesla’s business. Tesla reported $ 801 million in power generation and storage revenue for the second quarter of 2021 at a cost of sales of $ 781 million for that business. The company does not have any of its own solar revenues – the entity includes revenues from its lithium-ion battery energy storage systems, which range from home backup batteries to giant utility-scale systems.
By comparison, Tesla posted automotive sales of $ 10.2 billion for the quarter.
Here is the legal file.