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Industry

Tesla solar roof faces existential test as company shifts to standard solar panels

Tesla is shifting its residential solar strategy toward standard rooftop panels, pushing its Solar Roof tiles into a lower priority, an EV media outlet reported. Tesla has stopped disclosing Solar Roof installation figures and its new products and production expansion plans appear focused on conventional panels. The Solar Roof missed early targets and faced complaints over service, performance and costs, including a lawsuit over price increases. Recent announcements highlight new panel models and U.S. manufacturing expansion plans.

Industry

Mplus Q1 operating profit 10.2 billion won, up 328 percent on year

Mplus posted a sharp rise in first-quarter operating profit as sales of overseas prismatic battery assembly equipment and equipment for energy storage systems increased. The company said consolidated revenue for the quarter was 51.0 billion won and operating profit was 10.2 billion won. Revenue rose 120 percent from a year earlier and operating profit climbed 328 percent. The operating margin reached 20 percent, the company said.