Tesla's Elon Musk slashing solar prices for PG&E customers hit by wildfire blackouts
Kennedy discusses the California fires and the left’s reaction to them.
Tesla CEO Elon Musk says anyone impacted by the California power outages can purchase his company’s solar panels and Powerwall at a discount.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 320.72 | +9.54 | +3.07% |
| PCG | PG&E CORP. | 21.00 | +0.01 | +0.05% |
“If you’re directly affected by wildfire power outages, Tesla is reducing Solar+Powerwall prices by $1000 as of today,” Musk tweeted. This product, according to the company, can power your home's entire energy needs on a "typical day."
Tesla sells two Powerwalls on its website for $13,500 plus an additional $1,100 for the supporting software. The company recommends two Powerwalls for a home that's under 700 square feet and three Powerwalls ($19,500) for any space under 3,900 square feet. The $1,000 discount means two Powerwalls would cost $12,500 plus the $1,100 supporting-software fee.
Tesla acquired Musk's Solar City in a $2.6 billion deal in 2016.
The California utility Pacific Gas and Electric Company was forced to shut off power to more than 2.4 million people over the weekend amid fears hurricane-force winds could spark new wildfires caused by downed power lines.
FOX Business’ Robert Gray reports from Santa Clarita, California on the wildfires as 200,000 are ordered to evacuate.
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It wasn't the first time this month that PG&E was forced to shut off power. On Oct. 9, the San Francisco-based utility stopped service to more than 800,000 customers.
California Governor Gavin Newsom declared a state of emergency over the weekend due to the wildfires and also criticized PG&E, saying that the problems are “not a climate change story as much as a story about greed and mismanagement over the course of decades.”
PG&E in January filed for Chapter 11 bankruptcy protection due to liabilities stemming from wildfires in Northern California in 2017 and 2018.
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Tesla shares have lost 1.4 percent this year, trimming a deficit of over 20 percent following the company's return to profitability last week.