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Perfectlogic
Member
Just heard : the rationale is being able to give SolarCity a discount on the batteries. Clearly a bail out. Basically shifting margin from the company with the high margin product (TSLA) to the one without (SCTY)
People buying Model 3's are really going to buy solar at the same time?
Buying the Model 3 is a big enough financial decision for many, much less deciding to buy another $35k product.
Mr. Musk is tired.
Buying the Model 3 is a big enough financial decision for many, much less deciding to buy another $35k product.
Mr. Musk is tired.
Gtoffo
Member
SCTY's business model is zero down solar panels. So you buy a Model 3 and when TSLA installs a charger at your home they put in some panels as well lowering your electricity bills and letting you power your car.
Not a bad deal if you ask me!
Gerardf
Active Member
Gtoffo
Member
SCTY's business model is zero down solar panels. So you buy a Model 3 and when TSLA installs a charger at your home they put in some panels as well lowering your electricity bills and letting you power your car.
Not a bad deal if you ask me!
SCTY increasing cost/watt is sales cost in Q1. That cost will go other direction (ie down) in sales cost through TSLA, when they sell the panels in their tesla stores.
EM thinks SCTY will actually be a net cash generator for tesla. He reiterated that SCTY will hit the FCF + in "short order". Goes on to say that he can't share certain nonpublic info.
EM thinks SCTY will actually be a net cash generator for tesla. He reiterated that SCTY will hit the FCF + in "short order". Goes on to say that he can't share certain nonpublic info.
Except that residential PPA is generally acknowledged as a bad deal.
Some mystery solar product advance that Musk can't talk about.... argh.
Or this is him protecting his brand and companies he's associated with. Everything has been going well for Elon and he's seen as the savior of our planet. For something that he's been championing and has such a big part in to potentially fail would be an embarrassment to him and would also put a stink on all brands he's associated with.
JenniferQ
Active Member
EM mentioned making solar panels more aesthetically pleasing. That would be nice. We tried to get SCTY to quote for our house but they won't install on clay tile roofs due to damage and the aesthetics.
Gtoffo
Member
A bad deal for customers?
How can it be a bad deal....you lower your electricity bill with no costs. There might be BETTER deal if you buy it upfront but not everybody is willing to spend the money upfront.
It's cheaper overall to buy a smartphone upfront but very few people actually do it.
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