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Tesla sinks to record low quarter for solar deployment but Musk defiant over long-term prospects

July 23, 2020

Tesla deployed just 27MW of rooftop solar in Q2 2020, its worst quarter for deployment on record, but chief executive Elon Musk remains buoyant about the product’s long-term prospects.

Reporting its Q2 2020 financials yesterday, Tesla disclosed that rooftop solar installations fell by 23% sequentially, reflecting both seasonality and the added impact of pandemic-enforced restrictions in US states. But its year-on-year decline of 7% will be of alarm considering its Q2 2019 deployment figure of 29MW was the company’s previous lowest.

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