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March 2, 2017

Tesla’s SolarCity has seen its workforce cut roughly 20% in 2016 following acquisition

When Tesla acquired SolarCity last year it boosted its headcount to over 30,000 employees and it’s still the case, but barely due to restructuring at the solar installer. At the end of 2015, SolarCity had 15,273 employees and now Tesla disclosed in its latest SEC filing that the count went down by ~20% to 12,243 full-time employees.

December 16, 2016

Tesla and Panasonic working on deal to reopen idled Osaka factory and supply solar panels to SolarCity, report says [Updated]

Beyond Tesla and Panasonic’s collaborations in battery manufacturing at the Gigafactory in Nevada and solar cell manufacturing at the factory in Buffalo, the two companies reportedly struck a deal this week for Panasonic to manufacture complete solar panels for Tesla. The contract is reportedly significant enough that Panasonic is reopening its idled solar module factory in […]

December 6, 2016

Tesla’s SolarCity starts hiring production workers at its ‘Gigafactory’ for solar panels

The production plans for Tesla’s newly acquired solar panel factory in Buffalo through its acquisition of SolarCity are not entirely clear. There are a lot of cards at play. Tesla and Panasonic are now going to get involved in SolarCity’s manufacturing of solar cells and solar modules, while the plant will now also produce Tesla’s […]

November 25, 2016

Tesla has now over 30,000 employees (25K in US) after SolarCity/other acquisitions

While Tesla’s management and CEO Elon Musk are often quick to remind everyone that the company is still very much operating like a startup with limited resources, it has been growing significantly over the past few years and especially recently with its two acquisitions over the last month: SolarCity and Grohmann Engineering. Tesla has now over […]

October 8, 2016

This week’s top stories: Tesla is doubling Powerpack capacity, SolarCity “Solar Roof” details, Toyota’s Prius Prime hybrid & much more

In this week’s top stories: News that Tesla is doubling Powerpack energy capacity with the Gigafactory’s new battery cells, Toyota reveals a $27,100 price tag for its Prius Prime plug-in hybrid, details on SolarCity/Tesla’s upcoming ‘Solar Roof’, and much more.

August 3, 2016

On building a Tesla Solar inverter/hub: ‘we are probably the best in the world on advanced inverter technologies’ – Elon Musk

During a Monday morning Tesla Motors conference call Elon Musk, in response to several questions regarding designing a new system wide (solar, storage & car) inverter, said – We don’t want to jump the gun on future (hardware) announcements, but we are internally betting on the merger. If it doesn’t go through, It would a bit […]

June 11, 2015

Tesla signed a lease for Solyndra’s former 500,000 sq ft plant

A few months after SolarCity bought the former headquarters of the defunct solar panel manufacturer, Solyndra,  Tesla is now announcing that they signed a lease for the 500,000 square feet plant Solyndra used to operate. The building is located just a few minutes away from Tesla’s Fremont factory.

June 2, 2015

Complete breakdown of the $4.9 billion in government support the LA Times claims Elon Musk’s companies are receiving

The LA Times published an article over the weekend titled “Elon Musk’s growing empire is fueled by government subsidies”. The publication compiled data from government programs and estimated that Tesla Motors, SolarCity and SpaceX, three companies Musk is involved in, have benefited from “$4.9 billion in government support”. Saturday, I wrote an opinion piece about how I thought the […]

May 30, 2015

Opinion: Times article on Musk’s “empire” being fueled by government subsidies is grossly one-sided [Updated]

The Times published an article over the weekend titled “Elon Musk’s growing empire is fueled by government subsidies”. The article is well-researched and mostly accurate, but it conveys a clear disdain for the fact that Musk’s companies are taking advantage of the government subsidies available to them. The publication compiled data from government programs and came to the […]

October 1, 2016

This week’s top stories: Solar costs down 25%, Tesla Gigafactory doubles in size, Mercedes all-electric ‘EQ’, & much more

In this week’s top stories: Solar costs are down 25% in five months, Tesla Gigafactory doubles in size in our September update,  Mercedes unveils its all-electric ‘EQ’ brand, and much more.

October 9, 2016

Tesla (TSLA) and SolarCity (SCTY) ‘will not need to raise equity or debt before the end of the year’, says Musk

In a surprising follow-up after his announcement that Tesla will hold a product unveiling next week on the 17th, CEO Elon Musk said that Tesla nor SolarCity will need to raise equity or debt before the end of the year, and “probably not in Q1 2017 either”.

October 16, 2016

Tesla announces new partnership with Panasonic to manufacture solar panels at SolarCity’s Buffalo ‘Gigafactory’

Late Sunday evening, Tesla announced a new partnership with Panasonic in the form of a non-binding letter of intent to manufacture solar cells and modules at SolarCity’s Buffalo ‘Gigafactory’, which the company just took over during the past few weeks.

October 18, 2016

Tesla to create another Gigafactory-type deal with Panasonic through SolarCity Buffalo plant, Silevo is still in play

We were quite surprised when Tesla and Panasonic announced a new deal to collaborate on the manufacturing of solar cells and modules at the SolarCity Buffalo factory. And that’s not only because it was announced at 11pm on a Sunday night, but because of the implications it has on the solar cells and modules to […]

February 22, 2017

Tesla’s (TSLA) first earnings announcement post-SolarCity integration: cash positions, solar tile roof production this year, more

Tesla has made its first quarterly announcement since it purchased SolarCity in late 2016. Understandably, it seems SolarCity’s own Gigafactory has been renamed Gigafactory 2. The SolarCity integration being an ongoing process warranted notice in the header lines of the document  – with this first page quote reiterating the logic in purchasing SolarCity: With the acquisition […]

June 9, 2016

SolarCity customers produced 10 GWh of solar electricity Tuesday

Tuesday, SolarCity produced greater than 10GWh of solar electricity via its customer base. This doubles the 5GWh peak in 2015 and more than triples the 3GWh in 2014. SolarCity has over 280,000 customers and greater than 2.16GW installed as of the end of the first quarter – that volume is expected to grow 218MW in the second quarter and […]

June 16, 2016