Tesla offer to buy Solar City

In the aim of creating end-to-end clean energy solutions, Tesla has today confirmed it’s intentions to buy SolarCity, with an offer made of between $26.50 per share and $28.50 per share, giving the company a $2.8 billion valuation. It would be paid for with Tesla stock.

This is not a random solar company – Elon Musk, CEO of Tesla, is also the chairman of SolarCity, and he helped launch the company back in 2006 with his cousins, Peter Rive and Lyndon Rive.

From the Sauce:

“Tesla customers can drive clean cars and they can use our battery packs to help consume energy more efficiently, but they still need access to the most sustainable energy source that’s available: the sun,”

SolarCity shares predictably shot up after the offer, while Tesla stocks were hit a little, dropping by about 12%. What do you think of Elon Musk’s clean energy empire?

Elon Musk to announce new product line April 30!

You guys heard of Tesla? How about Solarcity or SpaceX? Paypal? Yeah? Well, these are all (in part or wholly) the brainchildren of superhuman Elon Musk. And they’re all awesome companies, building products and producing services that have changed or are changing the world.

And guess what? On April 30th, his company Tesla will be bringing forth a new baby into the world! Tesla is a company that currently makes electric cars, but – wait for it – this new product?

Not a car.

Major new Tesla product line — not a car — will be unveiled at our Hawthorne Design Studio on Thurs 8pm, April 30

— Elon Musk (@elonmusk) March 30, 2015

There has been no other hints today as to what this new product could be, however some in the industry are predicting that is will be a stationary battery pack that will be designed to power the home which was mentioned by Musk at an earnings conference call in February. Exciting stuff to be sure, but is that actually what the new product will be?

Only time (and Elon musk) will tell!