SolarCity, the solar energy company that was acquired by Tesla last year, will pay $29.5 million as part of a settlement with the government, which accused the company of lying to the government about ...
The $2 billion Tesla-SolarCity merger went into effect today, just four days after Tesla Motors’ shareholders gave their approval. In a filing with the Securities and Exchange Commission, Tesla said ...
SolarCity has agreed to pay $29.5 million to settle long-running claims it overcharged the federal government for rebates on solar systems installed between 2009 and 2013. The settlement ends a ...
SolarCity's transition to a subsidiary of Tesla (TSLA 3.25%) has been a little strange for the formerly dominant solar installer. The company is losing market share, shrinking installations, and now ...
Given SolarCity stock's premium valuation and the company's need for greater economies of scale to drive costs of panels lower, growth is absolutely critical to the company's success. SolarCity hasn't ...
SolarCity's very existence is built on the idea of democratizing solar energy -- making it possible for everyone to generate their own electricity instead of just buying it from a utility. The company ...
Back in 2016, Tesla acquired solar panel manufacturer SolarCity, billing the $2.6 billion deal as an opportunity to create “the world’s only vertically integrated sustainable energy company.” From a ...
Tesla Motors is powering an entire island in the South Pacific Ocean with solar power, according to a post in the SolarCity blog. “There are challenges to living on a remote island – from food ...
Elon Musk unveils Tesla’s Powerwall 2 battery and SolarCity’s roof panels in Los Angeles in October. (Tesla via YouTube) Tesla’s shareholders overwhelmingly approved a merger with SolarCity today, ...
SolarCity, the nation’s leading installer of rooftop solar panels and a renewable energy darling, has pitched its value to investors on a simple premise: Once customers sign up to lease a system, they ...
In this week's Industry Focus: Energy, host Nick Sciple chats with analyst Jim Mueller about the latest in the never-ending press spectacle that is Tesla (TSLA +3.01%). First, an update on Tesla ...
Back in November, we reported that Tesla shareholders had greenlighted the acquisition of SolarCity. At the time, CEO Elon Musk promised that the deal would add $1 billion in revenue by 2017, even ...