What do you think of SOLAR power?
Making solar mainstream
Without the clunky, ugly, imposing look and structure of traditional solar panels, what’s to stop everyone from harnessing the power of the sun at home?
First, there’s that little issue of the pending merger between Tesla and SolarCity. Musk, co-founder and CEO of Tesla, is also the chairman of SolarCity, the largest home solar-panel installer in the U.S. Musk’s plan is to merge the two companies – a merger that’s “controversial because of profitability issues for both companies, and both are operating in markets where demand is uncertain,
“Plug-in electric vehicles make up less than 1 percent of U.S. sales, and less than 1 percent of U.S. electricity generation comes from solar power, according to government data. But Musk has called the deal a ‘no brainer.’ He says SolarCity’s installation network and Tesla’s global stores could provide customers with a one-stop shop for sustainable energy and transportation.”
In fact, Musk, on a conference call this week, reported a third-quarter profit of $22 million for Tesla, and said he’s “confident SolarCity would be cash-neutral or even a cash contributor in the fourth quarter if the companies merge.” MarketWatch also reported on a blog post in which SolarCity CEO Lyndon Rive contended the deal will add $1 billion-plus in revenue in 2017 and more than $500 million in cash to Tesla’s balance sheet over the next 3 years.”
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