Tesla to reverse solar price hike for some customers: legal deposit

Tesla to reverse solar price hike for some customers: legal deposit

According to new documents filed with the U.S. District Court in San Jose, Calif., Tesla is trying to appease some solar customers who it says suffered a sudden price hike earlier this year.

In Thursday’s filing, attorneys for the clients wrote: ‚ÄúTesla informed the plaintiff’s attorney that Tesla recently launched a program for customers who signed solar roof contracts before April 2021 to reimburse customers at their price. original (if they were subject to the price increase in April 2021).

As of Friday afternoon, further details of the event were unclear on Tesla’s solar websites or the Engage website for customers and company advocates. CNBC has contacted lawyers for the plaintiffs and Tesla to learn more about the program. He did not respond immediately.

This spring, frustrated Tesla Solar customers sued the company after experiencing a surprising price hike.

Files in three separate lawsuits allege that Tesla Solar customers had already signed contracts with Elon Musk’s electric vehicle and renewable energy company, and were even trying to install solar PV panels in their homes. when they were surprised by a sudden increase in prices that required an additional payment to move. on their installation.

The price increase was not minor. For example, according to the lawsuit record, the price of plaintiff Matthew Ammons’ solar roof has dropped from around $ 72,000 in his original contract to around $ 146,000.

These pursuits were later named Amans v. Tesla, Inc. consolidated.

Tesla raised prices for its solar installations at least twice earlier this year and forced customers who order solar panels or tiles to order the Powerwall home energy storage system as well. . Later, CEO Elon Musk revealed that the company would not be able to manufacture enough Powerwalls to meet demand this year due to the chip shortage.

Overall, solar is a fairly small part of Tesla’s business. Tesla reported energy production and storage revenue of $ 801 million in the second quarter of 2021, with revenue of $ 781 million for that division. The company does not allocate revenue from solar power itself – the unit includes revenue from its lithium-ion battery energy storage systems, which range from home backup batteries to giant large-scale systems.

By comparison, Tesla recorded $ 10.2 billion in auto sales in the quarter.

Here is the legal file:

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