SolarCity's solar panels with Tesla's electric vehicles and stationary storage batteries was "what the world needs, the ultimate solution" to a sustainable-energy future.
"As a combined automotive and power storage and power generation company, the potential is there for Tesla to be a trillion-dollar market cap company," [Musk] added. [...]
Musk said costs for both companies would go down significantly after the merger, but he did not give specifics. — reuters.com
Elon Musk already sits on the board and owns 22% of the Buffalo-based SolarCity, "the leading installer of residential solar panels" in the US. Musk is convinced that the merger is a no-brainer, but according to Reuters, analysts aren't so smitten with the prospect."While we don't doubt that some...
When production begins, SolarCity, already the leading installer of residential solar panels in the [U.S.] will become a vertically integrated manufacturer and provider...At a time when conventional silicon-based solar panels from China have never been cheaper, investing in a new type of solar technology is a risky undertaking. However, the potential benefits are huge. The new factory...could transform both SolarCity’s business...and the economics of residential solar power. — MIT Technology Review
SolarCity, the Silicon Valley solar installer, has quietly begun to offer some homeowners a lithium-ion battery pack made by electric carmaker Tesla to store electricity generated by their rooftop photovoltaic arrays. Stem, another Silicon Valley company, will sell or lease a $100,000, 54-kilowatt-hour battery pack to businesses so they can arbitrage the grid by storing electricity when rates are cheap and then using that energy when they’re high. — qz.com
SUBMIT NEWS: submit in 60 seconds!