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Tesla bought SolarCity seven years ago and is now dismantling what's left.
Tesla (TSLA -1.11%) is getting out of the solar installation business, which is what it bought when acquiring SolarCity. The shift may be the right move long term, but in this video, Travis Hoium covers why it'll boost competition in an increasingly commoditized space.
*Stock prices used were end-of-day prices of Aug. 28, 2023. The video was published on Aug. 30, 2023.
Travis Hoium has positions in SunPower. The Motley Fool has positions in and recommends Enphase Energy and Tesla. The Motley Fool recommends SolarEdge Technologies. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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