Tesla slashes prices on home solar systems to spur sales

“(Reuters) – Tesla Inc has cut prices on its residential solar systems by as much as 25 percent in a bid to lift lagging sales after the company streamlined its sales and marketing organization, a company official told Reuters” writes Midwest Communications Inc for Since Tesla’s acquisition two years ago of SolarCity, which at the time was the nation’s largest residential solar company, the company has sharply cut the vast sales organization that underpinned its rapid growth.Shah said Tesla’s premium solar products are more-efficient than most other panels, and should not be compared to standard systems on price.

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