SolarCity

Lawsuit: Tesla, Elon Musk Hid Facts About SolarCity Ties to SpaceX

Unsealed court documents show that Tesla shareholders are claiming that Elon Musk and Tesla withheld critical details about SolarCity and its relationship with SpaceX during Musk’s push to convince Tesla’s board and shareholders to acquire his cousin’s struggling solar power company, which Musk himself was the largest shareholder of.

Elon Musk at Model Y announcement

Elon Musk Deposed in Tesla Lawsuit over SolarCity Merger

Tesla CEO Elon Musk has been deposed in a class-action lawsuit relating to Tesla Inc’s $2.6 billion acquisition of SolarCity in 2016. As part of the deposition, Musk claimed he could not be recused from discussions about acquiring SolarCity, which he was both chairman and the largest shareholder of, because “I needed to voice my opinion, obviously.”

Elon Musk,CEO of Tesla

Vanity Fair: Elon Musk Fooled Tesla Investors, Bilked Taxpayers

Vanity Fair outlined in a recent article how Tesla CEO Elon Musk employed a number of questionable tactics in order to purchase the floundering solar power company he was both the largest shareholder of, SolarCity. In the opinion of former Tesla employee Dennis Scott, who worked at the company’s beleaguered “Gigafactory 2” in Buffalo, New York, Musk is “full of shit.” 

Tesla CEO Elon Musk is puzzled

Tesla Slashes Prices for Floundering Solar Panel Business

Tesla has reportedly cut its solar panel prices in an attempt to slow the decline of the companies solar business. In some locations, Tesla’s prices are now 38 percent below the national average. If the solar business continues to flounder, it could have major implications for Tesla’s taxpayer-supported operations in Buffalo, New York.

Tesla to show self-driving car progress to investors

Steele: Elon Musk Doesn’t Want Government Subsidies; Let’s Give Him His Wish

Republicans have found healthcare reform to be a difficult task – and have put replacing Obamacare on the back burner – but the President and the GOP-controlled Congress must demonstrate to the American people that they can turn campaign promises into legislation. What gives me confidence they will meet this challenge is the desire of American voters to overturn many of President Barack Obama’s failed policies and resilient Republican leadership at both ends of Pennsylvania Avenue.

Elon Musk Tesla Battery (Kevork Djansezian / Getty)

‘Peak Solar’ Hits California

Despite the U.S. Congress passing the Consolidated Appropriations Act in December 2015 to slather another $9.3 billion of taxpayer credits on new solar power added to the electrical grid, California solar installments peaked in 2015 and are now headed south.

solar

Rooftop Solar Companies Only Play If Deck Stacked in Their Favor

Worried about self-preservation, and acting in its own best interest—rather than that of consumers specifically, and America in general—solar industry groups have sprung up to defend the favored-status energy policies and attack anyone who disagrees with the incentive-payment business model.

A member of the Presidential Security Group (PSG) walks under the solar panels at the roof deck of a mall in Manila on November 24, 2014. The 5,760 solar panels have been installed on the roof deck of the multi-level carpark of SM City mall.

SolarCity and the Silver Spoon

Having a successful business takes a lot of hard work, good market analysis, a better product or service than the competition, and advertising. Add in a bit of luck, and hopefully it will grow. If, however, you are a politically favored business—say solar—your story is different.

Elon Musk (Scott Olson / Getty)

The Best Renewable Energy Investment

If you live in the United States, vote, pay taxes, and get your electricity from a utility company, you’ve helped the solar power industry. You support the solar industry through a variety of tax and regulatory policies—voted in by politicians you elected—that favor it over other lower-cost forms of electricity generation.

Training target of U.S. solar funding