Q1 2022 Tesla (TSLA) Solar deployments fell 48% year-over-year

Tesla cites import delays following a sharp drop in Solar deployments.

Donovan Erskine

April 20, 2022 2:01 PM

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There was a lot to learn in Tesla’s (TSLA) Q1 2022 earnings report. This included new details on the company’s Solar business. It was in this report that Tesla shared that deployments of its Solar Retrofit and Solar Roof fell by a sharp 48 percent year-over-year.

Tesla (TSLA) published its Q1 2022 earnings report earlier today, detailing the company’s business over the previous quarter. On page nine of the PDF, the company shares insight into its Solar business. Between Solar Retrofit and Solar Roof, Tesla saw its Solar deployments hit 48 MW, a 48 percent decrease in year-over-year comparisons. The company provided further details in the report.

Solar deployments decreased by 48% in Q1 to 48 MW. This reduction was caused by
import delays beyond our control on certain solar components. Solar Roof deployments continued to grow YoY. Cash & loan sales account for nearly all deployments.

Despite the unimpressive Solar numbers, Tesla’s (TSLA) Q1 2021 earnings report showed a lot of growth and positive news for shareholders, as evident in the fact that the company’s stock value climbed over $1,000 in value in after hours trading per the Yahoo stock quote. The stock was valued at $977.20 when markets closed at 4 p.m. ET.

The steep fall in Solar deployment is undeniably bad news, but it’s not enough to overcome what has been a huge quarter for Tesla (TSLA). The latest earnings report showed off a 32.9% automotive gross margin and $18 billion on the company’s balance sheet. For the latest Tesla news stories, Shacknews is your place.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_