Tesla settles class-action Solar Roof lawsuit for $6 million
Tesla has agreed to pay around $6 million to settle Solar Roof class-action lawsuit.
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Solar Roof, big price increase
- Thread starter nicholb
- Start date
Matt-FL
Member
Math on this:
$6M * 60% (40% to lawyers) = $3.6M / 8,636 customers = $416.86 per customer, if the lawyer % was not higher. Since it is a class action suit, there is probably handling fees. $416 is the absolute max I would expect.
$6M * 60% (40% to lawyers) = $3.6M / 8,636 customers = $416.86 per customer, if the lawyer % was not higher. Since it is a class action suit, there is probably handling fees. $416 is the absolute max I would expect.
I wonder if the people who went through with the installation will get more while those that went with something else from the solar roof (or a different vendor) will get less.
I still think the biggest damages are how the other solar shingle companies (eg Suntegra, GAF, Luma) saw demand for their products tied up with a competitor. Since Tesla had long-lead projects committed but not started. So, if those companies were trying to price "fairly" but Tesla was just hanging onto super-low contracts then naturally those companies would struggle to get clients.
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