SolarCity & Tesla Officially Set to Join Forces

Posted in Clean Electric, Solar

Elon Musk has his fingers in a lot of pies, but now two companies he serves as chairman on will join forces as it’s been officially announced that Tesla is on track to buy SolarCity. As those in the innovative-know have been aware of for some time, Musk has a certain propensity for bold initiatives and out-of-the-box thinking. He’s the kind of innovator to reach for the stars, and literally has with Space X (a company he is bother founder and CEO of), so the tech world is curious to see what initiative will come out of the SolarCity-Tesla combination. Already Musk has revealed part of his plan to provide solar, battery storage and electric vehicles all under the umbrella of a single company in what he calls “end-to-end clean energy”, thereby making Tesla the one-stop shopping solutions for those with the financial liquidity to completely overhaul their lifestyles from fossil fuel to renewable energy. While expensive at the moment, with the opening of Tesla’s Gigafactory in Nevada and their rolling out of the Tesla Model 3 at a fraction of the cost of the Model S or Model X, the cost to complete this transition could be affordable to many middle class Americans within the next few years. From there it is likely Tesla will seek to bring prices even lower — as seen in the transition from the Tesla Roadster to the Models X & S to the Model 3 — as their production capacities eliminate much of the soft costs associated with the creation of Teslas, home batteries, and the like. Now if we could just figure out renewable energy powered spaceflight…

Read more here: https://www.engadget.com/2016/08/01/tesla-solar-city-agree-to-merger/

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