Summary We use Tesla’s SolarCity acquisition conference call language to show why Mr. Musk’s logic and assumptions are deeply flawed. We believe the transaction has negative synergies and SolarCity’s costs are likely to increase. SolarCity is not only unsuited to Tesla but there is inherent conflict of interest between the companies when it comes to […]
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“A new solar hot water heating system being installed at the White House costs thousands of dollars more that the original estimate and it probably won’t pay for itself in energy savings, officials said.” So went the lede of a story in the Associated Press and reprinted in the Washington Post on April 6th, 1979 […]
Read more "Days of ‘Malaise’ and Jimmy Carter’s Solar Panels"
“You might have caught the news: Tesla Motors and Solar City are expected to merge. Tesla CEO Elon Musk hopes it will help usher in a new era of affordable solar energy — but the change isn’t happening anytime soon. Never mind the hefty losses both companies incurred last year. It’s not about the companies themselves. It’s about […]
Read more "Sorry, SolarCity: Solar Power Still Isn’t Competitive"
“Either Tesla loses because the deal is completed or Tesla loses because it not being completed requires losing faith on Elon Musk’s unbelievable promises and infallibility.” Tesla Is Built On Faith Tesla has made many unlikely promises. Things like bringing the Model 3 to fruition already during 2017 and to sell 100k of those cars […]
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Stocks Plummet and Musk seeks Bail-Out What is the SolarCity Controversy? For many consumers, the installation of solar panels means clean energy and savings in the long-term, so what’s the controversy and why has Tesla offered to acquire the company if it is such a success? SolarCity leases solar panels to consumers for home installation, […]
Read more "Elon’s Corrupt SolarCity Acquisition"