roof tiles: Photo: Tesla Musk was joined on a 40 minute conference call by Solar City Corp, according to Market Watch. SCTY, -0.38% CEO Lyndon Rive, after Tesla TSLA, -0.32% posted a lengthy blog post that contended the deal will add $1 billion-plus in revenue in 2017 and more than $500 million in cash to Tesla balance sheet over the next 3 years. Tesla Ventures Into Solar Tiles for Homes Tesla Motors CEO Elon Musk proposed Friday that the electric car maker merge with Solar City, creator of solar panels, to sell solar roof tiles for homes. Tesla also projected $150 million in cost savings within the first year from sales and marketing efficiencies, and predicted a lot of customer crossover potential from Tesla owners to owners of homes with solar powered roofs. Tesla faces a gargantuan task in manufacturing and launching its mass-market Model 3, which Musk says will hit the market at the end of 2017. The deal, which has dragged on Tesla stock, has been legitimately questioned by analysts and corporate governance experts as too big and risky an undertaking, especially now.
(news.financializer.com). As
reported in the news.
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