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Tesla solar business takes supply chain hit

Elon Musk also sold $931 million worth of Tesla stock on Monday, bringing his stock sales to $7.8 billion in the past six trading days.

AUSTIN, Texas — Supply chain issues are affecting Tesla in more ways than one.

The automaker's solar business is experiencing project delays despite its car manufacturing fairing well during the COVID-19 pandemic. Solar installations are expected to temporarily slow down until more supplies are available.

Over the summer, Tesla announced plans to help build energy efficient homes in the Easton Park neighborhood of Travis County. 

Elon Musk also sold $931 million worth of Tesla stock on Monday. This brings his total stock sales up to $7.8 billion in the past six trading days. 

Musk first made mention of his plan to sell 10% of his shares on Twitter. He asked his followers if he should sell the stock to pay his taxes on stock options, and the majority voted yes, so he did.

The amount Musk has sold makes up less than 5% of his Tesla shares, so more is expected on the market soon.


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