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‘Tesla Solar’ Wants to Be the Apple Store for Electricity
Article

‘Tesla Solar’ Wants to Be the Apple Store for Electricity

The SolarCity Deal Isn’t Only About Putting Panels on Your House

Bloomberg, 2016

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Editorial Rating

9

Qualities

  • Innovative
  • Eye Opening

Recommendation

Could Tesla Motors’ offer to buy SolarCity – the largest US installer of solar roof panels – solve solar energy’s biggest problems? Science and energy reporter Tom Randall examines how Tesla might just have the secret to overcoming two of the biggest hurdles standing in the way of an expanded solar energy market in the United States. He persuasively speculates on how a merger between Tesla and SolarCity could open up lucrative possibilities for the carmaker in the US energy sector. getAbstract recommends this article to Tesla shareholders, as well as those interested in green energy technologies.

Take-Aways

  • In June 2016, Tesla Motors made a bid to acquire SolarCity – the largest US “rooftop solar” installation company.
  • The potential deal could make purchasing solar energy products more user-friendly by creating showrooms for potential customers.
  • Tesla is working to bring down battery costs – a major barrier to entry for most people – dramatically.

About the Author

Tom Randall is a science and energy reporter at Bloomberg Business.