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Buried in Musk's Job Cuts Memo: An End to Home Depot Solar Sales

Bloomberg
Buried in Musk's Job Cuts Memo: An End to Home Depot Solar Sales

Just four months ago, Tesla Inc. began a major expansion of its solar division at Home Depot Inc., rolling out Tesla-branded selling spaces at 800 of the retailer’s locations. The areas were to be outfitted during the first half of this year and staffed by Tesla employees to demonstrate that its panels and batteries have mainstream appeal. It was an experiment that would prove short-lived. Buried in a memo about a major reorganization and job cuts, Tesla Chief Executive Officer Elon Musk said the company has decided not to renew its residential sales agreement with Home Depot. It will instead “focus our efforts on selling solar power in Tesla stores and online,” he said. The majority of Tesla