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Tesla acquired SolarCity in 2016 to create the world’s only integrated sustainable energy company, from generation to storage to transportation. Learn how the acquisition will benefit Tesla financially and strategically, and how Tesla plans to transform the energy industry with its products and services.
- Powerwall 2 and Solar Roof Launch
Join the world’s transition to sustainable energy. Powerwall...
- Customer Stories
A home, an office and two Teslas powered by the sun 24/7....
- Solar Panels
Generate your own clean energy whenever the sun is shining...
- Powerwall 2 and Solar Roof Launch
The company was founded on July 4, 2006, by Peter and Lyndon Rive, the cousins of SpaceX and Tesla CEO Elon Musk. Tesla acquired SolarCity in 2016, at a cost of approximately US$2.6 billion (equivalent to $3.3 billion in 2023) and reorganized its solar business into Tesla Energy .
Generate your own clean energy whenever the sun is shining with Tesla solar panels. Tesla uses solar panels that offer a sleek and modern take on traditional panels. With our proprietary mounting hardware, panels can be installed close to your roof without the need for rails, so they blend in with your roofline.
Manage your solar energy system and access exclusive benefits with your Tesla account. Log in or sign up today.
Aug 1, 2016 · Tesla and SolarCity, two leading players in the sustainable energy sector, have agreed to combine in an all-stock transaction with an equity value of $2.6 billion. The merger will create a vertically integrated company that offers solar and storage solutions, and aims to achieve cost synergies and customer benefits.
Aug 1, 2016 · Tesla Motors Inc agreed to acquire SolarCity Corp, a solar panel installer, in a deal that would create a carbon-free energy and transportation company. The merger faced challenges from investors, regulators and rivals, as both companies had high costs and low growth.
Electrek covers the latest stories about SolarCity, the solar power company acquired by Tesla in 2016. Find out how SolarCity is integrated into Tesla's energy division, its market performance, its legal challenges and its partnerships.
