Tesla reported first quarter 2017 solar installations of 150MW, down from 201MW in the previous quarter, a 25% decrease, due to selection criteria biased towards customer owned PV systems rather than leased.
Tesla noted that selectively deploying projects that had better financial results were behind the decline, although margins drastically improved from 2.7% in the fourth quarter of 2016 to 29.1% in the first quarter of 2017.
Customer owned PV system purchases accounted for 31% of deployments in the first quarter, compared to 28% in the previous quarter and 9% in the prior year period.
