New York's Billion-Dollar Solar-Panel Factory by Elon Musk Fails to Deliver

Photo Source - Google

New York had secured a $1 billion investment in Elon Musk's solar-panel factory, touted as the largest in the Western Hemisphere.

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However, this undertaking has reportedly failed to deliver on its promises.

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According to The Wall Street Journal, Tesla, the facility's lessee, falls significantly short of production targets, with only 21 installations per week instead of the projected 1,000 by 2020.

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Envisioned suppliers and a modern manufacturing hub never materialized, and state-purchased equipment has been sold or discarded.

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Despite setbacks, the state has revised subsidy terms multiple times to accommodate Tesla.

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The company claims to have created 1,700 jobs at the facility, meeting obligations and avoiding penalties.

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The factory now employs more Tesla data analysts than high-tech manufacturing workers, deviating from its intended purpose.

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Production output monitoring by the state agency responsible for subsidies is lacking.

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