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22.08.2019

Walmart accuses Tesla of negligence

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The retail giant claims Tesla’s solar panel arm is to blame for a series of fires that damaged Walmart stores and merchandise and asks a court to force Tesla to remove solar panels from more than 240 of its U.S. stores.

Walmart wants Tesla to pay up for its charred and scorched roofs

Stocks impacted: Walmart Inc (WMT), Tesla Inc (TSLA)

According to court papers filed in New York State Supreme Court, the lawsuit accuses Tesla of having untrained workers putting up shoddy installations and showing utter incompetence or callousness, or both. A string of fires that occurred between 2012 and 2018 at Walmart locations in Ohio, Maryland and California. As a reminder, Teals is also facing investigations from the US National Transportation Safety Board regarding fires in several Tesla cars. In July, the company reported a $408m loss in second quarter earnings. Tesla's shares fell on the reports about the Walmart lawsuit and lost nearly 2.5% on Wednesday.

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