Tesla: Elon Musk adds solar roofs to his clean energy vision

Tesla Motors CEO Elon Musk on Friday revealed brand-new energy items targeted at showing the benefits of integrating his electrical automobile and battery maker with solar installer SolarCity Corp.

The billionaire business owner revealed of solar-powered roofing tiles that get rid of the requirement for conventional panels and a longer-lasting home battery, which Tesla regards the Powerwall, focused on recognizing his vision of offering a nonrenewable fuel source free lifestyle to customers.

“This is sort of the integrated future. An electrical vehicle, a Powerwall and a solar roofing. The key is it has to be lovely, economical and flawlessly incorporated,” Musk stated while showcasing the items on houses that once worked as the set of the tv program “Desperate Housewives.”

Musk is the most significant investor in both Tesla and SolarCity, which is run by 2 of his first cousins. Experts have actually doubted of the offer’s proposed synergies, with some recommending the merger is a method for Tesla to save money-losing SolarCity. A vote on the acquisition is arranged for November 17.

The rollout of the product, anticipated as quickly as next summer season, would be “unwieldy” if the two firms are not integrated, Musk informed press reporters.

Having 2 different business “slows things down, makes them more pricey. It’s even worse for investors,” he stated.

Musk declined to respond to a press reporter’s concern about how Tesla’s balance sheet would accommodate the acquisition of SolarCity.

By including solar modules into roofs, Tesla is intending to be successful with a solar innovation that to this day has had little success. Simply this year, Dow Chemical stated it would stop offering a solar shingle it released 5 years earlier.

Tesla’s glass solar roofing tiles would look far much better than any comparable item, Musk stated. They can be produced in a series of designs, which were shown on the roofs on the set.