Cuomo's Buffalo Boondogle Gets Worse

[Madmallard]

Make No Mistake: Tesla Inc Looks To Be Winding Down SolarCity's Ambitious Plans


When Tesla Inc (NASDAQ:TSLA) bought SolarCity for $2.6 billion late in 2016, a lot of people (including myself) called the deal a bailout of Elon Musk's high-profile solar company. The deal didn't seem to do anything to advance Tesla's electric vehicle (EV) business, it will be a drain on cash, and it was a huge distraction given the business-model change and manufacturing expansion SolarCity had undertaken.

Fourth-quarter results from Tesla released after the market closed on Wednesday didn't do a lot to change the narrative that SolarCity and Tesla are still a strange fit together. In fact, it could be argued that Tesla is winding down some of SolarCity's business. Here's how to look at Tesla's solar results last quarter.

The shrinking solar ambitions of Tesla

SolarCity has been reducing its installation guidance for a year now, so it shouldn't be shocking that Tesla's results fell way short of expectations. At the start of 2016, SolarCity expected to install 1,250 MW of solar in 2016. By the end of the third quarter, the company had reduced guidance to 900 MW, implying about 300 MW of installations in the fourth quarter.

In reality, SolarCity and Tesla installed 201 MW in the fourth quarter and hit just 803 MW of installations for 2016. This is an incredibly disappointing result and the fourth quarter is traditionally a peak for the company as people try to get year-end tax incentives.

Make No Mistake: Tesla Inc Looks To Be Winding Down SolarCity's Ambitious Plans -- The Motley Fool

 

[Podmonkey]

This is where I usally go into an eloquent, anti Cumo tirade but I'm tired today so this'll have to do.
Cuomo you are a dipshits and a dumbass, your mother should have aborted you......... into a rest stop toilet.

 

[Drinkthekoolaid]

What a colossal waste of money. Anyone who has remotely paid attention saw this coming (I.e. solyndra solar)

The only bright side of he gets caught on corruption or loses an election. Sadly 99% of people in this state don't blink an eye if politicians waste a BILLION $ of our tax revenue that we paid for and will continue to vote for this corruption strictly on party lines because he has a "D" after his name.

FUAC

 

[holdover]

That's because they are fucking moronic liberal ,CNN watching, global warming fearing, Hillary Clinton voting , communist supporting ,true believers. just like Cuomoron..... Everything that disgusting man touches turns into a pile of shit

 

[Jmac00]

But, it only turns to shit AFTER an election. And this is an ongoing problem. Every election the people of New Yorkistan vote for Emperor Cuomo-Un. And every year the state gets poorer and poorer. The people don't see it or they won't care til it's to late. And this is why the more intelligent are leaving.

This cycle of elect corruption and hope things get better is unsustainable. The state is in a fatal tailspin. It may take another 10 to 15 years, but the state is fiscally doomed

 

[Podmonkey]

But, it only turns to shit AFTER an election. And this is an ongoing problem. Every election the people of New Yorkistan vote for Emperor Cuomo-Un. And every year the state gets poorer and poorer. The people don't see it or they won't care til it's to late. And this is why the more intelligent are leaving.

This cycle of elect corruption and hope things get better is unsustainable. The state is in a fatal tailspin. It may take another 10 to 15 years, but the state is fiscally doomed

I new I are so smart! S-M-R-T....... I mean S-M-A-R-T!

 

[Phauxtoe]

Maybe FUAC went to Israel to stay! (to get away from his Government Mess!)

 

[Mr. terzmo]

250k per job invested.....and is BOON-doggle politically correct for Buffalo.....

 

[holdover]

Not so fast , theres nobody really working there yet

 

[Burzum]

The problem goes back to the bleeding-butt liberals on the Court back in the 1960s, the judicial activist "one person, one vote" concept means pure population breeders (the underclass) will always outweigh our vote.

Picture if the NYS Assembly districts could have been based on the amount of counties in NYS not where all the welfare queens pump out welfare-sucking fetuses.

 

[1911guy]

But, it only turns to shit AFTER an election. And this is an ongoing problem. Every election the people of New Yorkistan vote for Emperor Cuomo-Un. And every year the state gets poorer and poorer. The people don't see it or they won't care til it's to late. And this is why the more intelligent are leaving.

This cycle of elect corruption and hope things get better is unsustainable. The state is in a fatal tailspin. It may take another 10 to 15 years, but the state is fiscally doomed

No doubt you are correct. The voting libs will not understand what happened so they will blame his successor.