Economic news

Walmart asserts claim against Tesla for roof fires

Walmart  files a legal action against Tesla Inc. in connection to roof fires at several Walmart stores, caused by Tesla’s solar panels.

walmart vs teslaPhoto: Walmart.com

Walmart claims for contract breach and brings suit against Tesla for its reckless disregard in relation to panels manufacturing, which caused a roof fire in its stores in such regions as Maryland, California and Ohio.

Solar panels have been produced by SolarCity Corp, which was purchased by Tesla Inc in 2016 for $2.6 billion. There was once a time when SolarCity was the largest U.S. home-solar-panel installer and one should mention that Tesla Chief Executive Elon Musk was in that time chairman and the largest shareholder of both these firms. 

Walmart’s lawyers initiated claim on Tuesday. These are only seven stores, which were affected for now, but there are approximately more than 240 stores more, which also have with Tesla’s panels, supposed to reduce retailer’s  energy costs. 

It’s important to mention, that earlier, Tesla alluded, that it was planning to reboot its solar panels business and offer rentals. 

Tesla’s shares tumbled during Tuesday’s session by 0.43 percent, although during the day this slump touched a 1.1 percent dive. Walmart shares went down too by 1.55 percent. 


To leave a comment you must or Join us

  • avatar-1299
    Noahbean
    • #

    I am the biggest Tesla fan, but they should regroup to get better product and services to their customers. It's a step back for Tesla and other solar installations.

  • avatar-1233
    Mikeknowles
    • #

    Geez, only Tesla, under the leadership of visionary genius, engineer, developer, blessed, savior Elon Musk could figure out a way to make solar panels catch fire. I guess their former experience with making their cars to catch fire several times was undoubtedly crucial at achieving this breakthrough. Go Elon, we’re proud of you!


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree