Tesla makes offer to acquire Solar City

[Tam]

Todd: Elon & Antonio recuse from voting.

diligence 2-3 weeks.

Merger Agreement

Shareholders Vote next few months.

Q: How much a play: net-metering...

 

[greenemg]

I'm thinking bigger picture.

Elon suggested that there would be benefit to the Tesla store fronts in consolidating the Power Wall, Solar and vehicles.

Reading a little deeper between the lines, I think they will use this streamlined approach to circumvent some of the issues they are having getting stores into states where the dealers association.

It could to be a shrewd strategic move long run.

 

[SW2Fiddler]

Fix the post title and pass the popcorn.

 

[Tam]

Elon: Cost drops significantly every year.

Solar, Storage, Electric Car

Q: ?

Elon: Transparency as much as we can.

No question about convergence of Tesla and Solar City. It's the timing. Should do this sooner.

 

[Tam]

Q: Working together may be cumbersome?

Elon: We don't have special deal because of conflicts of interest.

Q: Rank

 

[Tam]

Elon: Best integration without pointing finger blame a solar company or battery or car company.

Cost saving to sell twice as much on the same store.

A lot better. From 2, 3 to 1

Q: Discussed with large shareholders?

 

[Tam]

Elon: want to talk to everyone at the same time.

 

[Tam]

Q: Possible financial sense in the short term for storage?

 

[Tam]

Elon: Storage makes sense in Hawaii where energy cost is very high, pockets of Europe and eventually for everyone.

Q: In the US, in 5 years?

 

[pmadflyer]

I'm thinking bigger picture.

Elon suggested that there would be benefit to the Tesla store fronts in consolidating the Power Wall, Solar and vehicles.

Reading a little deeper between the lines, I think they will use this streamlined approach to circumvent some of the issues they are having getting stores into states where the dealers association.

It could to be a shrewd strategic move long run.

That's one way to double locations! I just hope a Tesla Energy complete package is competitive with utilities and it doesn't cost an arm and a leg to own outright.

 

[Tam]

Elon: Definitely.

 

[Tam]

Elon: Cell efficiency 3x.

Q: Lots of analysts concern about Solar City cash flow. what you see differently?

 

[Tam]

Elon: cost efficiency.

...

Q: Why not pursue less capital intensive. "Special deal" is a norm.

 

[Tam]

Elon: Legally, morally, can't do that.

Q: Solar City near term path

 

[Tam]

Elon: bridge loan if needed. Don't think it needs it.

Q: Car dealership?

 

[Tam]

Elon: Still can't sell cars directly in some states.

 

[Tam]

Q: Bail out of Solar City? Gigafactory timeline?

 

[Tam]

Elon: Not a bail out. Great capital, equity evaluation without any problem.

 

[Tam]

Q: Tax Credits, alternatives, caps for ratios:

 

[Tam]

Elon: Beginning, not the end.

Considered other companies but we consider Solar City the best.