This morning, Tesla announced its plans to buy the solar energy company: SolarCity. The 2 companies will be joining forces to better pump out batteries & solar energy panels. This new purchase will allow Tesla to better integrate solar power within homes & business.
This is part of Elon Musk’s Secret Master Plan.
This is a roadmap that will allow Tesla to add solar roofs w/ integrated battery storage as well as expanding Tesla’s vehicles from standard cars to public transit systems & heavy-duty trucks. Tesla will be acquiring the company for $2.6 billion in stock. The deal is not yet official but Musk is confident that the deal will be official by the 4th quarter.
Tesla’s gigafactory is up, Model 3s are on the way, and now SolarCity is now part of the umbrella. Definitely might be an interesting time to get stock in Tesla or reserve your Model 3. Interesting times await for us ahead.
