Technology
Walmart, Tesla settle lawsuit over solar panel fires
San Francisco, Nov 6
Walmart has agreed to drop a lawsuit against Tesla over widespread negligence after rooftop solar panel systems on seven of the retailers stores allegedly caught fire.
"Walmart and Tesla are pleased to have resolved the issues raised by Walmart concerning the Tesla solar installations at Walmart stores. Safety is a top priority for each company and with the concerns being addressed, we both look forward to a safe re-energisation of our sustainable energy systems," the companies said in a joint statement.
The lawsuit was aimed at Tesla Energy Operations, a division within the clean energy and electric vehicle automaker which was known as SolarCity.
Walmart's lawyers accused SolarCity of adopting "an ill-considered business model that required it to install solar panel systems haphazardly and as quickly as possible in order to turn a profit" in the explosive complaint, The Verge reported on Tuesday.
Additionally, the lawyers also alleged in the lawsuit that Tesla did not properly handle Walmart's complaints about the fires.
Musk had recently unveiled the third version of Tesla's solar-roof product and the company hopes to install the first one in large numbers.
According to Musk, this third iteration of the electricity-generating house-topper will be cheaper, easier, and faster to install than its predecessors.
The company said that it has increased power density in the third version of the Solar Roof tiles, reduced the parts used in the tiles by half and brought down costs substantially compared to the second generation tiles.
"Walmart and Tesla are pleased to have resolved the issues raised by Walmart concerning the Tesla solar installations at Walmart stores. Safety is a top priority for each company and with the concerns being addressed, we both look forward to a safe re-energisation of our sustainable energy systems," the companies said in a joint statement.
The lawsuit was aimed at Tesla Energy Operations, a division within the clean energy and electric vehicle automaker which was known as SolarCity.
Walmart's lawyers accused SolarCity of adopting "an ill-considered business model that required it to install solar panel systems haphazardly and as quickly as possible in order to turn a profit" in the explosive complaint, The Verge reported on Tuesday.
Additionally, the lawyers also alleged in the lawsuit that Tesla did not properly handle Walmart's complaints about the fires.
Musk had recently unveiled the third version of Tesla's solar-roof product and the company hopes to install the first one in large numbers.
According to Musk, this third iteration of the electricity-generating house-topper will be cheaper, easier, and faster to install than its predecessors.
The company said that it has increased power density in the third version of the Solar Roof tiles, reduced the parts used in the tiles by half and brought down costs substantially compared to the second generation tiles.
15 hours ago
Watches made by an Indian American brand feature numerals written in Hindi.
15 hours ago
On his visit to India, Tesla CEO Elon Musk is reportedly expected to announce an investment of $2 billion to $3 billion.
15 hours ago
Award for Public Officials Won by Raja Krishnamoorthi, an Indian American Congressman
15 hours ago
A person from India has admitted to defrauding a bank of $17 million.
15 hours ago
Book released by former Indian government official at New York's Kerala Centre
15 hours ago
Musk's Mention of India's Permanent Seat in the United Nations Security Council Draws US Reaction
17 hours ago
Rahul Gandhi holding Muslim League flag in Wayanad inciting anti-Hindu sentiments: Union Minister
17 hours ago
Robotic surgery offers hope to 2 women with advanced breast cancer
17 hours ago
16 mn Afghans to experience crisis and emergency levels of food insecurity: UN report
17 hours ago
Long jumper Sreeshankar Murali ruled out of Paris Olympics with knee injury
17 hours ago
IPL 2024: Devon Conway ruled out due to injury, CSK name Richard Gleeson as replacement
17 hours ago
Kriti surprises fans with pics from Manish Malhotra's Namo Ghat show in Varanasi
17 hours ago
Story of Indian-American teen Reena Virk's murder that inspired Lily Gladstone’s ‘Under The Bridge’