The sun is not shining on Tesla lately.
The electric car maker’s decision last week to cut nearly 10 percent of its workforce will drastically shrink its residential solar business, the division once known as Solar City, according to internal documents and several current and former employees interviewed by the news agency Reuters.
Tesla bought the solar business for $2.6 billion just two years ago. The solar panel sales and installation company was founded by two cousins of Tesla CEO Elon Musk. Tesla announced that as part of its cut backs it was ending a new relationship with Home Depot, where many of the solar panels were sold.
Reuters reported that about 60 installation facilities remain open, and 13 or 14 would close. Tesla declined to comment on which sites it planned to shut down, how many employees would lose their jobs or what percentage of the solar workforce they represent, the report said.
Installation offices that an internal email reviewed by Reuters said were targeted for closure were in California, Maryland, New Jersey, Texas, New York, New Hampshire, Connecticut, Arizona and Delaware.