Tesla’s Musk unveils solar roof tiles, longer-lasting batteries
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Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp.
The products include solar-powered roof tiles that eliminate the need for traditional panels and longer-lasting batteries aimed at helping to realize Musk’s vision of selling a fossil fuel free lifestyle to consumers.
“This is sort of the integrated future. An electric car, a Powerwall and a solar roof. The key is it needs to be beautiful, affordable and seamlessly integrated,” Musk said during an event to showcase the products at the Universal Studios theme park near Los Angeles. “If all those things are true why would you go any other direction?”
Musk is the biggest shareholder in both Tesla and SolarCity, which is run by two of his first cousins. Analysts have been dubious of the deal’s proposed synergies, with some suggesting the merger is a way for Tesla to rescue money-losing SolarCity. A vote on the acquisition is scheduled for Nov. 17.
Questions & Answers
Q.What new products has Elon Musk unveiled?
What new products has Elon Musk unveiled?
Elon Musk has unveiled new energy products including solar-powered roof tiles that remove the need for traditional panels and longer-lasting batteries. These products are intended to illustrate the benefits of combining his electric car and battery maker with SolarCity Corp.
Q.When is the vote on the acquisition of SolarCity scheduled?
When is the vote on the acquisition of SolarCity scheduled?
The vote on the acquisition of SolarCity is scheduled for November 17. Analysts have expressed doubt about the proposed synergies of the deal, with some suggesting it is a way to rescue the money-losing company.
Q.Where were the new products showed by Elon Musk?
Where were the new products showed by Elon Musk?
Elon Musk showed the new energy products at an event held at the Universal Studios theme park, which is located near Los Angeles. He described this as the integrated future, combining an electric car, Powerwall, and a solar roof.
Q.What is the purpose of Tesla's proposed acquisition of SolarCity?
What is the purpose of Tesla's proposed acquisition of SolarCity?
The proposed acquisition aims to combine Tesla's electric car and battery making with SolarCity's solar installation capabilities, illustrating the benefits of an integrated energy future. Elon Musk hopes to sell a fossil fuel-free lifestyle to consumers through this merger.