Friday, June 24, 2016

Tesla + SolarCity = Solar electric vehicle

When Elon Musk announced Tesla's takeover bid for SolarCity he talked about synergy: using solar power to charge up your Powerwall home battery. And then using that electricity to charge your Tesla car. This deal has been criticized by many because there seems to be very little synergy between his car making business and selling rooftop solar panels.
When Tesla announced construction of its own Li-ion battery factory it made sense to people: you use the batteries in cars and you can sell the same batteries for storage at home. Now the thing is: it's no different with solar panels. It has already been shown that solar panels can be used to extend the range of electric vehicles. This bid is an indication that Tesla may be considering offering solar roofs on its cars.

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