Tesla SolarCity: impossible is now possible
Tesla SolarCity rumors are now a fact. Tesla’s acquisition of SolarCity officially sealed on Monday morning, bringing together Elon Musk’s electric vehicle company with the solar energy company SolarCity founded by his cousins Lyndon and Peter Rive. The deal was ventured last week, after first being proposed earlier this year.
Official words by Tesla:
We’re pleased to announce that Tesla’s acquisition of SolarCity closed this morning.
Last week, over 85 percent of Tesla shareholders approved the deal. Tesla’s merge is part of the “masterplan” to allow both of the companies Tesla SolarCity to scale their battery and solar energy operations.
However, suspicions arise in a short-term payoff for every investor involved. Presently, Tesla and SolarCity need a lot of cash to stay operational until this deal starts to “water the seed”.
Merging the two companies is part of the big plan, where Tesla will expand its offerings to include integrated energy generation and storage, entering the electric truck and bus markets, and vehicle sharing. Tesla’s recent solar roof tile launch showed why Musk believes the companies are a natural fit under a unified Tesla roof.
It we put together two and two, it all makes sense. On the contrary, we are about to find out if cleanliness and cost of the source is just as important as the cleanliness of operation when it comes to overall carbon footprint contribution.