With a wooping $ 3 billion Tesla plans to take over Solarcity.
Speaking to treporters, the CEO of Tesla Elon Musk said he is looking forward to establishing a Tesla
where a customer could fulfill all of their sustainable energy needs- from power generation to to storage and then transportation. CNNmoney reports.
"Five minutes, you're done," said Musk, who owns 22% of SolarCity and is its chairman. "Completely seamless, painless. Easy and everything just works. That's what people want."
The news is the latest in a hectic year for Tesla, which finds itself in an unprecedented situation as it races to fulfill rabid demand for the Model 3, a $35,000 electric car that it has promised to deliver in 2017. Tesla has received nearly 400,000 preorders, which would immediately make the Model 3 one of the bestselling cars in the country.
Musk called the SolarCity acquisition a "no-brainer" and said it would not impact Model 3 plans or its Gigafactory, the giant factory it's building in Nevada to manufacture batteries.
Musk said an integrated product combining Tesla and SolarCity offerings would probably arrive in 2017, depending on when the acquisition is approved.
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