2023

The Real Tech Layoff Surge: A Valid Concern

Gettyimages 1458551911
Tech layoffs are accelerating, according to the data. After quick revenue growth in 2023, midsized tech companies are cutting as well. Brex’s latest layoffs make it plain that even some of the best-known, and most richly funded, upstart tech companies are finding their headcount to be too much. Thankfully, that information is at our fingertips and we can report that, yes, the layoff surge that you are feeling is in fact an actual wave. In that month, Layoffs.FYI counted just 4,707 tech layoffs across 65 total known cuts.

Decline in Tesla Solar Installations Offset by Surging Battery Ventures

Screen Shot 2020 02 10 At 12.06.01 Pm 7
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. It was a bad year for Tesla solar — its worst since 2020. In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022. Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise). The scale of Tesla’s residential solar business isn’t what it once was.

Morale sinks for Tesla’s solar installation numbers, while battery industry thrives.

Screen Shot 2020 02 10 At 12.06.01 Pm 6
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. It was a bad year for Tesla solar — its worst since 2020. In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022. Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise). The scale of Tesla’s residential solar business isn’t what it once was.

Tesla’s solar sales decline as battery enterprise thrives

Screen Shot 2020 02 10 At 12.06.01 Pm 5
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. It was a bad year for Tesla solar — its worst since 2020. In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022. Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise). The scale of Tesla’s residential solar business isn’t what it once was.

Decline in Tesla’s solar installations contrasts with surge in battery enterprise

Screen Shot 2020 02 10 At 12.06.01 Pm 4
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. It was a bad year for Tesla solar — its worst since 2020. In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022. Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise). The scale of Tesla’s residential solar business isn’t what it once was.

Tesla Witnesses Decline in Solar Installs, but Experiences Surge in Battery Sales

Screen Shot 2020 02 10 At 12.06.01 Pm 3
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. It was a bad year for Tesla solar — its worst since 2020. In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022. Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise). The scale of Tesla’s residential solar business isn’t what it once was.

Number of Solar Installations by Tesla Declines, While Battery Sales Soar

Screen Shot 2020 02 10 At 12.06.01 Pm 2
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. It was a bad year for Tesla solar — its worst since 2020. In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022. Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise). The scale of Tesla’s residential solar business isn’t what it once was.

Solar Installations Decrease for Tesla, but Battery Enterprise Thrives

Screen Shot 2020 02 10 At 12.06.01 Pm 1
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. It was a bad year for Tesla solar — its worst since 2020. In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022. Next to solar, Tesla’s energy generation and storage business is booming (surprise, surprise). The scale of Tesla’s residential solar business isn’t what it once was.

Decline in Tesla’s Solar Panel Installations, Yet Battery Sales are Soaring

Screen Shot 2020 02 10 At 12.06.01 Pm
Tesla’s once-leading solar business is in decline, according to the latest figures from its fourth-quarter 2023 earnings report. Crucially, the automaker revealed that its solar deployments cratered 36% to a total of 223 megawatts (MW) last year, down from 348 MW in 2022. In Q4 2023, Tesla’s solar deployments dropped 59% year-over-year to 41 MW — down from 100 MW in Q4 2022. However, Tesla’s energy generation and storage business is comparatively booming (surprise, surprise). The company said its 2023 energy storage deployments — which include Powerwall home batteries and utility-scale Megapacks, topped 14,724 megawatt hours (MWh), up 125% from the year earlier.

Decline in Investment for Black Entrepreneurs for Three Consecutive Years (2023 Update)

Black Founders
Funding to Black founders was down in 2023 for the third year in a rowBlack founders in the U.S. raised 0.48% of all venture dollars allocated last year. The past two years saw Black founders raising at least 1%. Last year, though, suspicions were confirmed as the market cooling really did appear to have an extreme impact on the Black community. In Q1’23 and Q2’23, Black founders raised 0.74%. There’s been a consistent yearly decline in funding since the murder of George Floyd in 2020, which saw a record-breaking amount of capital flow to Black founders as the tech industry promised to better support them.