Elon Musk’s Tesla Inc. plans to announce that it will sell solar panels and related equipment for up to 38 percent below the national average price, the New York Times reported today.
The electric vehicle producer which purchased solar panel producer Solar City in 2016, apparently plans to cut prices by requiring online orders while also standardizing systems.
The planned price cuts come after a 36 percent slide in solar installations were recorded in Tesla’s first quarter report.
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