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Tesla to Acquire SolarCity?

Elon Musk has put in an offer to acquire SolarCity. If the offer is accepted, Tesla would become an integrated energy company virtually overnight. Along with electric cars, Tesla would manufacture solar panels (made in Buffalo), home battery units, etc. SolarCity was started by Musk’s cousins, Lyndon (CEO) and Peter Rive, with Musk providing the initial capital. Musk is chairman and the largest shareholder of both Tesla and SolarCity. The deal is valued at upwards of $2.8 billion.

Skeptics contend the acquisition makes no sense, while others laud the potential deal. If accepted, it is presumed that Musk would have a more hands-on role over SolarCity operations. Since the announcement, Tesla stock has dropped, while SolarCity’s has risen.

Recently, final construction payments were released for the SolarCity plant in Buffalo, which means that the operation is one step closer to opening. The plant will be the largest in the US, with capabilities of competing with China. The plant will have the capacity to manufacture one gigawatt of solar panels annually.

In the end, this entire deal might all be part of a deal based in virtual reality? Not long ago, Musk stated that there is an infinitesimal chance that what we consider reality might actually be ‘base reality’, or a simulating universe with people living in a collective simulated consciousness. Now there’s something to chew on for the rest of the day.

Written by Buffalo Rising

Buffalo Rising

Sometimes the authors at Buffalo Rising work on collaborative efforts in order to cover various events and stories. These posts can not be attributed to one single author, as it is a combined effort. Often times a formation of a post gets started by one writer and passed along to one or more writers before completion. At times there are author attributions at the end of one of these posts. Other times, “Buffalo Rising” is simply offered up as the creator of the article. In either case, the writing is original to Buffalo Rising.

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