Tesla Motors Inc (NASDAQ: TSLA) has invested $5 billion to build a battery factory in Nevada. The facility is expected to create 6500 new jobs, produce 50 gigawatts of battery storage and provide power to 500 000 electric cars per year. Tesla Motors Inc (NASDAQ: TSLA) is working with SolarCity Corp (NASDAQ:SCTY) on the new project.…
SolarCity Corp (SCTY) and Wal-Mart Stores, Inc. (WMT) Continues Solar Power Deal
SolarCity Corp (NASDAQ:SCTY) has announced a new agreement with Wal-Mart Stores, Inc. (NYSE:WMT), in which the solar energy company based in San Mateo, California, will again provide Wal-Mart Stores with solar power. The new deal will see SolarCity installing Wal-Mart Stores with solar power for a period of 4 years, covering stores in approximately 36…
SolarCity Corp (SCTY) Announces Quarter 3 2014 Results, Beat Market Expectations
SolarCity Corp (NASDAQ:SCTY) reported its third quarter 2014 results with top earning results while missing the revenue estimates for the quarter. The shares of the power company lost nearly 6% in the regular and extended trading sessions. The electric company announced net revenues of $58.3 million during the third quarter 2014 with gross profit of…
Tesla Motors Inc (TSLA) and SolarCity Corp (SCTY) Stocks Tumble to Loose Combined $5 Billion
Tesla Motors Inc (NASDAQ:TSLA) and SolarCity Corp (NASDAQ:SCTY) have had great successes with SolarCity Corp’s stock growing 100% every year since 2006. Just recently, Tesla Motors Inc announced a grand plan to construct a gigafactory in the state of Nevada before SolaCity Corp scored big in its quest to manufacture solar panels by securing a…
Solarcity Corp (SCTY) Secures 1 Million Square Feet for GigaFactory in New York
SolarCity Corp (NASDAQ:SCTY) has won big in its optimistic plan to start manufacturing solar panels after the Musk backed company secured 1.2 million square feet land at the RiverBend site, South Buffalo, New York, to construct a gigafactory to that effect. The deal was announced by New York governor Andrew M. Cuomo through his official…
Tesla Motors Inc (TSLA) and SolarCity Corp (SCTY) Are Planning to Change The Structure Of The World’s Energy
Two cousins, Elon Musk and Lyndon Rive, have revealed a mega plan that will likely transform the world’s energy sector. Over the years, Musk and Rive have been friends and business partners. Rive’s SolarCity Corp (NASDAQ:SCTY), where Musk is also a board member, has been selling Musk’s Tesla Motors Inc (NASDAQ:TSLA) batteries. Just recently, Tesla…
Tesla Motors Inc (TSLA) Likely To Work With SolarCity Corp (SCTY); Gigafactory Might Power Houses in Future
Tesla Motors Inc (NASDAQ:TSLA)’s Gigafactory has raised concerns among analysts about the overall utilization of its production capacity. Tesla Motors Inc (NASDAQ:TSLA) is going to invest $5 billion in the factory, which is likely to create up to 6,500 jobs and the company is likely to reach 50 gigawatts of battery storage capacity by 2020.…