Walmart alleges that the fires were a result of 'widespread negligence' by Tesla and the employees who installed the systems.
On Tuesday, Walmart sued Tesla's solar-energy unit alleging that gross negligence by employees in installing solar panels lead to fires in seven stores. Tesla shares slid 2% in early trading on the news. The lawsuit comes after a rough second-quarter earnings report that hit Tesla's share price hard and erased $7 billion in market value from the company. Watch Tesla trade live on Markets Insider. Walmart is going after Tesla, and it's putting downward pressure on the stock.
On Tuesday, Walmart sued Tesla's solar-energy unit alleging that gross negligence by employees in installing solar panels lead to fires in seven stores. Tesla shares slid 2% in early trading on the news. The lawsuit comes after a rough second-quarter earnings report that hit Tesla's share price hard and erased $7 billion in market value from the company. Watch Tesla trade live on Markets Insider. Walmart is going after Tesla, and it's putting downward pressure on the stock.
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