Tesla Buys Solar Company

Use solar energy to power your home and reduce your dependence on the grid.

Tesla buys solar company.

When tesla bought solarcity in november 2016 elon musk billed the deal as a match made in green energy heaven. The great majority of solar cells being produced at tesla inc s factory in upstate new york are being sold overseas instead of being used in the company s trademark solar roof as originally. Tesla s ceo gave 0 110 tesla. When elon musk acquired solarcity in the fall of 2016 he paid for it using tesla stock worth 2 6 billion at the time.

Solar roof tiles are more than three times stronger than standard roofing tiles and are engineered for all weather protection. Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill. Solar and energy storage aren t a reason to buy tesla. Learn more about your potential savings in our design studio.

Combine a hot electric car company with the nation s then largest provider of. With a 25 year warranty solar roof lasts longer than an average roof and protects your home for decades to come. Utilizing vast expertise proven methodology and first class products tesla solar guarantees cleaner energy that pays for itself. Tesla still reports revenue from its energy business but right now it s such a small portion of the business that it s not worth buying the.

New york state spent 958 6 million to build tesla inc s solar panel factory in south buffalo and buy a big chunk of the equipment inside. When tesla nasdaq tsla acquired solarcity for 2 6 billion in 2016 it was the u s s biggest residential solar installer by a wide margin.