SolarCity
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Elon Musk actually believes Rex Tillerson could be an “excellent” Secretary of State
Tesla and SpaceX CEO met with Donald Trump on Monday, and just a day later, he’s expressing optimism about Trump’s choice for Secretary of State, former ExxonMobil CEO Rex Tillerson. On the surface, you’d be forgiven for assuming that Tillerson as Secretary of State would be at odds with Musk’s worldview, given the former’s 40+ years of service at a company… Read More
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Tesla and SolarCity made this whole island solar-powered in under a year
Tesla and SolarCity’s union is still very fresh, but the combined companies are already highlighting what they’ve been able to accomplish even just as partners. The SolarCity blog details a project in which SolarCity power generation and Tesla Powerpack-based storage helped the small island of Ta’u in American Samoa fix its spotty power problem and cut its reliance on a… Read More
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Tesla officially acquires SolarCity
Tesla’s acquisition of SolarCity officially closed Monday morning, bringing together Elon Musk’s electric vehicle company with the solar energy company founded by his cousins Lyndon and Peter Rive. The deal was approved by Tesla and SolarCity shareholders last week, after first being proposed earlier this year. Tesla provided the following brief statement on the news:… Read More
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Shareholders approve Tesla acquisition of SolarCity
Tesla and SolarCity leapt an important hurdle Thursday: getting shareholder sign off for the proposed acquisition of the latter by the former. Respective shareholder votes at both companies signaled a green light for Tesla’s plan to take over the solar energy technology provider, which Elon Musk first proposed in June. Even minus Musk and “other affiliated shareholders,”… Read More
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SolarCity to offer Airbnb members up to $1,000 cash back on solar systems
SolarCity and Airbnb are teaming up to provide Airbnb members a discount when it comes to installing solar power generation systems on their own homes. Airbnb community members (including hosts and guests), will now be eligible to receive as much as $1,000 in cash back rebates on solar system installations, in all markets where SolarCity currently operates SolarCity customers also get… Read More
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Tesla and Panasonic will make solar cells in Buffalo if SolarCity deal succeeds
Tesla and Panasonic have agreed to begin production of photovoltaic (PV) cells for use in solar power home installations that works with Tesla’s Powerwall and Powerpack solar storage products. The arrangement is non-binding at this stage, however, and will depend on the Tesla acquisition of SolarCity going through to take effect. If the SolarCity/Tesla deal does close, Panasonic will… Read More
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Tesla and SolarCity shareholders to vote on proposed merger November 17
Despite some shareholder opposition, the Tesla acquisition of SolarCity proposed by Elon Musk continues to make progress, with a new date set for a vote of the shareholders of each company: November 17. That’s the date to mark in your calendars for a more firm go/no-go signal for the deal, which would see Musk move closer to his vision of a company that can manage clean energy from… Read More
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Tesla says SolarCity deal could be delayed by shareholder lawsuits
Tesla has said that its acquisition of SolarCity could be delayed because of shareholder lawsuits which have been filed to challenge the merger, according to an amended regulatory filing published by the SEC today spotted by Reuters.
The lawsuits include four filed in Delaware during the first half of September, which accuse Tesla and SolarCity board members of having violated their… Read More
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SolarCity’s integrated solar roof plan said to target 5M U.S. homes
How do you make a dent in the energy market? SolarCity is likely one of the few companies that has a good idea of how to answer that question, and one part of its plan includes replacing the roofs of 5 million U.S. homes with solar cells, according to The Guardian. It’s a plan that SolarCity board chairman Elon Musk first tipped on a conference call last month, but now we have a bit… Read More
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Elon Musk says SolarCity will build a “solar roof” for your house
What if your entire roof was made up entirely of dedicated solar power cells? No, not adorned with the current kind of solar panels you’ve likely seen on the existing roofs of a few neighbour houses – an entire roof actually made up of solar gathering material, rather than add-ons that install after the fact. That’s the vision described by Elon Musk in SolarCity’s… Read More
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