Aug 19, 2019

Tesla launches program for customers to rent solar panels

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Walmart sues Tesla over solar panel fires

Elon Musk on March 2, 2019. Photo: Jim Watson/AFP/Getty Images

Walmart filed a lawsuit against Tesla on Tuesday, alleging that "no fewer than seven Walmart stores" experienced fires due to Tesla's solar panel systems as of November 2018.

Catch up quick: More than 240 Walmart stores have leased or licensed roof space to Tesla for solar panels. The lawsuit says, "Many of the problems stemmed from a rushed, negligent approach" to installation by Tesla. It also accuses energy service company SolarCity, which Tesla acquired in 2016, of using "an ill-considered business model" that installed panels "haphazardly" to "turn a profit."

Go deeperArrowAug 20, 2019

Podcast: Elon Musk's power failure

Elon Musk promised thousands of jobs and a solar energy revolution in upstate New York. But it hasn't worked out as planned, even though taxpayers already shelled out $750 million. Dan digs into the troubles for Tesla subsidiary SolarCity with Vanity Fair's Bethany McLean, who says, "Tesla is a religious war between the believers and the doubters."

Go deeper: How Elon Musk gambled Tesla to save SolarCity

Keep ReadingArrowAug 28, 2019

Tesla launches car insurance business in California

A Tesla showroom. Photo: Patricia de Melo Moreira/AFP/Getty Images

Tesla yesterday rolled out an insurance line for vehicles in California and plans to eventually expand it to other states.

Why it matters: The electric automaker said it's "designed to provide Tesla owners with up to 20% lower rates, and in some cases as much as 30%," adding that it "reflects the benefits of Tesla's active safety and advanced driver assistance features that come standard on all new Tesla vehicles."

Go deeperArrowAug 29, 2019