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SolarCity Announces Layoffs, Co-Founders Take Massive Salary Cuts

Citations

U.S. News & World Report discusses SolarCity's announcment of major layoffs with Myron Ebell. 

"It looks like its further confirmation, despite massive federal and net metering subsidies, that solar cannot make it," says Myron Ebell, a director at the Competitive Enterprise Institute, a free market think tank. "It's still too expensive and the business model of relying on the government to keep them solvent is not working out."

Read the full article at U.S. News & World Report.