How is the Tesla SolarCity subsidiary doing

Terminations also at Tesla's subsidiary Solarcity

According to company documents and insiders, the solar subsidiary is also massively affected by the austerity measures at the US electric car manufacturer Tesla. Of the approximately 60 branches, up to 14 should be closed, according to a total of three Tesla documents that were available to the Reuters news agency.

In addition, the partnership with Home Depot should be ended. Seven current and former Tesla employees, who did not want to be named, also reported on the plans.

The electric car manufacturer said that the job cuts in the division would be nine percent of the workforce in the long term, as in other parts of the group.

Two years ago, Tesla took over what was then SolarCity for 2.6 billion dollars (currently 2.25 billion euros). The business was controversial among experts. (Reuters / apa / red)

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