Tesla Buys Solar Panel Company

Solar and energy storage aren t a reason to buy tesla.

Tesla buys solar panel company.

Use solar energy to power your home and reduce your dependence on the grid. When tesla nasdaq tsla acquired solarcity for 2 6 billion in 2016 it was the u s s biggest residential solar installer by a wide margin. Solarcity corporation is a subsidiary of tesla inc. Tesla still reports revenue from its energy business but right now it s such a small portion of the business that it s not worth buying the.

Since then management has laid off workers from the. Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill. The deal unites two of elon musk s companies enabling the billionaire to sell. Learn more about your potential savings in our design studio.

The company in partnership with panasonic manufactures solar module components in tesla giga new york a factory in buffalo new york. As expected tesla completed its 2 6 billion acquisition of solarcity a company spokesperson confirmed monday.