SolarCity lowered its cost by 20% despite flat prices

SolarCityBy Eric Wesoff | Greentech Media

SolarCity’s quarterly earnings calls are adventures in advanced lease accounting, velocity of money, and non-GAAP financial methods. Old fashioned terms such as “revenue” and “gross margin” give way to “nominal contracted payments added” and “retained value” in order to more accurately describe SolarCity’s business.

Here are the highlights and the more informative graphs.

The company now has 190,000 customers and still looks to hit one million customers in 2018

Continued:

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