Tesla’s Buffalo factory at risk if conditions worsen, analyst says

BUFFALO, N.Y. — An analyst who has followed Tesla closely for nearly a decade says Buffalo operations could take a hit if things get worse for the company.

John Engle is a market analyst and commentator for the financial services website Seeking Alpha, which provides stock market analysis for investors. He has followed the company closely since 2016, particularly after it entered the solar industry with the $2.6 billion acquisition of SolarCity.

Tesla unveiled its Solar Roof product that same year and said it began production of the product at the Buffalo factory in 2018. According to a report from energy industry consultants Wood Mackenzie, only 3,000 solar roofs were installed last March. year.