Elon musk solarcity

On the flip side, Musk gave $10,800 to Sen. Diane Feinstein’s (D-Calif.) re-election bid late last year. (That is technically twice the legal contribution limit, and Feinstein will have to refund $5,400 of Musk’s money.) And in March, he donated $2,500 to the Democratic Midterm Victory Fund, the PAC of Los Angeles Mayor Eric Garcetti, which, according to its website, is working to “elect Democrats to Congress who will stand up for those Americans left out and left behind by Donald Trump and the Republican Majority in Congress.” … [Read more...] about Elon Musk Has Donated Nearly 7 Times As Much To Republicans This Cycle

Buss served as chief financial officer of solar panel installer SolarCity for two years before retiring in 2016. Tesla bought SolarCity that year. Denholm, the first woman to join Tesla’s board, is chief operations officer of telecom firm Telstra and the ex-CFO of network gear maker Juniper Networks ( JNPR.N ). Rice, the first African-American and second woman to join the company’s board, is the chairman of Johnson Publishing Co, home to Ebony and Jet magazines. … [Read more...] about Tesla Forms Three-Member Panel To Look At Any Musk Deal

In a letter to shareholders after his tweet on Tuesday, Musk fleshed out his idea, suggesting they would get the option to sell their shares for $420 each or remain investors in a private Tesla, out of the glare of Wall Street and its need for quarterly results. … [Read more...] about Tesla board evaluating CEO Musk’s idea to take company private

Across the country, net metering programs are the subject of much debate.  Some utility companies oppose net metering on economic grounds: in effect, they are losing customers to solar, while gaining “competitors” in the form of many tiny power plants.  Faced with significant competition from Solar City and other installers, Warren Buffet’s NV Power led the push against Nevada’s net metering program, arguing that solar was over-compensated and damaging its business.  Despite overwhelming support among Nevada voters for the net metering program (about 75%, across all parties), Nevada rolled back its net metering program in a dramatic fashion.  The fallout was immediate.  Elon Musk’s SolarCity fired 550 workers, while two other large solar installers (Vivant and Sunrun) have announced plans to close their Nevada operations.  Several lawsuits are pending. … [Read more...] about Net Metering Uncertainty Threatens to Disrupt Explosive Growth of Solar Power

In California, the nation's leading solar market, there were twelve Tesla roof systems connected to the grid as of May 31, all in Northern California, according to records from the state’s three investor-owned utilities. The cost per watt for those systems was listed at nearly $6, according to the records. That's about double the national average for solar systems. … [Read more...] about Inside Tesla’s troubled New York solar factory