BUFFALO, N.Y. — An analyst who has followed Tesla closely for nearly a decade says Buffalo’s operations could be on the chopping block if things get worse for the company.
John Engle is an analyst and market commentator for the financial services website, Seeking Alpha, which offers stock market analysis for investors. He’s been following the company closely since 2016, especially after it dove into the solar industry with its $2.6 billion acquisition of SolarCity.
Tesla revealed its Solar Roof product that same year and said it started production of the product at the Buffalo plant in 2018. According to a report from energy industry consultants at the firm Wood Mackenzie, only 3,000 Solar Roofs had been installed as of March of last year.
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