Tesla offers to buy SolarCity for almost $3 billion in a bid to merge 2 parts of Elon Musk’s empire (TLSA)

American EV specialist puts the moves on a solar panel installer to enhance business model esla has offered to buy SolarCity, the struggling solar-power company cofounded by Elon Musk, in a bid to bring together two planks of his plan to transform the way humans consume energy. Musk, CEO of Tesla and chairman of SolarCity, has said that he wants to remake transportation using the electric car while freeing Earth from a dependence of fossil fuels using solar power. “Tesla customers can drive clean cars and they can use our battery packs…

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Elon Musk and The Stored Sunlight Experience

Over the past weeks, there has been a lot of excitement about the unveiling of the Tesla Model 3. But almost exactly one year ago, the car maker’s CEO made another game-changing announcement. On April 30, 2015 Elon Musk introduced the Powerwall, a home battery system that charges using electricity generated from solar panels (or when utility rates are low) and powers your home in the evening. Although there was nothing really revolutionary about the lithium-ion battery technology that Tesla showed off, Musk delivered a memorable pitch. His presentation changed…

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