When solar business was going well, Trump’s win in the presidential election made it worse. Trump’s win just added fuel to the fire. However, regardless of the down trend of the solar industry, Tesla officially bought SolarCity in a recent business deal. Electric car maker Tesla acquired SolarCity spending roughly $2 billion on Monday, 21st November 2016.
How will the SolarCity project be?
Before the shareholders’ vote, Tesla CEO revealed some solar products which will be in Tesla’s energy line. The product line contains roof shingles and battery, Powerwall 2. In fact, the Powerwall 2 is an at-home battery.
Regarding, Elon Musk does not enter any businesses without enthusiasm. Likewise, entering the solar business was an energetic move by him as well.
Utilizing his creativity he wants to redesign solar products. Musk has an entirely new product. He made the solar roof with style. Anyone will find those products pleasing since these solar products are not like traditional clumsy ones.
Elon Musk has a sorcerous power in that he can make things interesting. As a matter of fact, people cannot help loving the Ta’u solar project or the electric cars project. Similarly, Musk will not do anything less to make SolarCity as sensational as other projects.
However, the SolarCity project will not be an easy ride for Elon Musk. The two challenges Musk will face are, the industry itself is young and Trump is clearly against the climate change notion.