By [email protected] Amid the hype and misinformation swirling around Tesla’s electric vehicle drama, it’s easy to forget that Tesla is also the owner of SolarCity, once the largest residential solar installer in the world.
Elon Musk acquired/rescued his cousins’ troubled firm, SolarCity, about two years ago for $2.6 billion in stock and the assumption of approximately $3 billion in debt. Sunrun has since replaced SolarCity as the leading third-party-ownership financier, while solar installations have plunged at Tesla.
Tesla deployed 84 megawatts of solar systems in Q2, an increase over the previous quarter’s 76 megawatts. But as a point of reference, SolarCity installed 272
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