elon musk wants to sell you an entire 'solar roof' - home battery storage

Tesla CEO Elon Musk (TSLA)
President SolarCity (SCTY)
On Tuesday night, during talks between the two companies to announce plans for SolarCity to launch a "solar roof" acquisition, he suddenly received a revenue call.
"Please note that there is not a roof with solar panels. A solar roof.
"This is the solar roof, not the module on the roof," Musk said on the SolarCity earnings call . ".
"It's not about the roof, it's about the roof.
"Our idea is that SolarCity can sell the entire roof, not just the solar panels that can be placed on someone's existing roof, and it's possible to open up a whole new market.
If your roof is coming to an endof-
"Life, in any case, you have to get a new roof," Musk explained . ".
"So why not have a better solar roof in many other ways?
Related reports: Elon Musk's push for self-driving upset some of Tesla's employees, who made $2.
This month's bid for SolarCity was 6 billion, merging Musk's two businesses into a "integrated sustainable energy company ".
"Although they have similar origins and their pursuit of the overall goal of sustainable energy, they are fundamentally separate, which is largely a historical accident, musk wrote in an updated "master plan" posted on Tesla's website last month to explain why the two companies are merging.
In that article, Musk first made fun of his long
Build "amazing solar roofs" using SolarCity's technology and have them "seamlessly integrated" with Tesla's home battery storage technology ".
"Solar energy and batteries are like peanut butter and jelly," Musk said on Tuesday's earnings call.
The acquisition, which requires shareholder approval, has been criticized by some on Wall Street who have effectively invested two ambitious funds --
Lose the company together
SolarCity reported a second-quarter net loss of $0. 25 billion from $0. 156 billion in the same period last year. -
Before talking about the solar roof.
Similarly, Tesla revealed last week that its second-quarter loss soared to $0. 15 billion, more than double Wall Street's expectations, as it invested heavily in building a battery plant and cost less, mainstream Model 3 cars.
Therefore, Musk will naturally follow up on the report and announce to investors that Tesla will launch two new cars in the next six to nine months, not one.