As Elon Musk expected, Tesla’s acquisition of SolarCity was overwhelmingly approved by shareholders. Over 85% of shareholders approved. Interestingly, that matches up quite closely with reader surveys we conducted. In our initial survey, 74% of respondents supported the acquisition. In our second survey a few months later, 89% of respondents supported the acquisition.
Last month, Tesla launched its Powerwall 2.0 residential battery storage system, a little less than a year after Powerwall 1.0.
While cost (down) and capacity (up) have been the focus of much of the hype around Tesla’s newly launched Powerwall 2, the US company’s addition of an inverter to its second-generation battery units could also have major market implications.
The arrival of Tesla Powerwall #1 on the Australian market was a Really Big Deal.
The prominent advisory firm Institutional Shareholder Services has given its recommendation to support Tesla’s $2.3 billion SolarCity acquisition/merger, telling shareholders that Tesla would be able to bridge the funding gap with SolarCity, and also that the acquisition was an important step in the firm’s path to becoming an integrated sustainable energy company.
Elon Musk just took to Twitter for a serious tweetstorm. The hottest topic was a fully glass roof, and the possibility of an eventual solar glass roof.
On November 2, Elon Musk took to the stage for a question and answer session with stock analysts. The purpose was to calm any fears within the financial community regarding the prospects for the two companies once they are combined. The merger vote is scheduled for November 17.
Among CleanTechnica readers who personally invest in the stock market, Tesla (TSLA) is probably the stock with the most interest, and SolarCity (SCTY) is likely up there near the top of the list as well.
Last night, on a back lot at Universal Studios, Tesla unveiled the most promising facet of its impending merger with SolarCity — solar shingles as chic and efficient as their cars. These were paired with new Powerwall home batteries that have double the energy density of Tesla’s first Powerwall product. You can watch the full video of the presentation in Steve’s article or further down in this on. The event was primarily for Tesla owners, so it took me longer to get up the hill from the studio gate than it did to ride my Zero from Vernon at rush hour. But I did get to hitch a ride in a swanky Model X, which was a lovely way to start the Tesla world experience.
On October 28, Elon Musk played ringmaster while Tesla and SolarCity showed off their new line of glass solar tiles that generate electricity but look like conventional roof shingles and tiles. Musk told an audience of several hundred invited guests that between 4 and 5 million new roofs are installed in America every year and many times more than that are installed worldwide. If the cost of a solar roof was less than what a homeowner would spend for a conventional roof plus utility bills that wouldn’t have to be paid over the roof’s 30 year useful life, “Why wouldn’t you?” Musk asked.
