musk\\\'s \\\'integrated future:\\\' solar roofs, home battery ...
Chief executive Elon Musk released new energy products on Friday to show the benefits of his electric car and battery maker\'s merger with solar installation company SolarCity Corp.
The billionaire entrepreneur showed solar energy
No need for traditional panels and electric roof tiles for longer
Tesla called Powerwall\'s durable home battery, aiming to fulfill his vision of selling a fossil-free lifestyle to consumers.
\"This is a comprehensive future.
An electric car, a power wall and a solar roof.
The point is that it needs to be beautiful, affordable, and seamlessly integrated, \"Musk said while showcasing family products that used to be set as a TV show\" Desperate Housewives.
\"Tesla Motors is showing Tesla\'s electric vehicles, power walls, and solar roofs
In October 28, ceo Elon Musk launched a new energy product in Los Angeles, California, designed to illustrate the benefits of combining his electric car and battery maker with solar installer SolarCity Corp.
Musk is the biggest shareholder of Tesla and SolarCity, which is run by two of his cousins.
Analysts are skeptical about the synergies proposed by the deal, and some believe the merger is a way for Tesla to save money --
A vote on the acquisition is scheduled for November. 17.
Musk told reporters that it is expected to launch the product as soon as next summer, and it will be \"clumsy\" if the two companies do not merge \".
There are two separate companies that make things slower and more expensive.
\"It\'s worse for shareholders,\" he said . \"
Musk declined to answer questions about how Tesla\'s balance sheet will adapt to the acquisition of SolarCity.
By integrating solar modules onto the roof, Tesla hopes to succeed with solar technology that has so far been barely successful.
Just this year, Dow Chemical said it would stop selling solar panels launched five years ago.
Tesla\'s glass solar roof tiles look much better than any similar product, Musk said.
They can be made in a variety of styles that are displayed on the roof of the set.
Tesla did not give any details about the cost, just saying that the cost of the roof will be lower than that of the traditional roof plus solar energy.
Musk said the product will attract home builders and those looking to replace the roof, adding that the muwa will be more durable and have better insulation quality than the traditional roof. SolarCity co-
Musk\'s cousin and founder, Peter Ryf, said solar roofs could easily take up 5% of the new roof market in a year or two.
A new generation of household and industrial batteries will be launched this year.