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Polixenes @Polixenes13
, 9 tweets, 2 min read Read on Twitter
1/ Musk, in advance of the SCTY - $TSLA merger vote, on merger's compelling synergies: "But I really want to emphasize that I have zero doubt about this — zero — arguably we should have done it sooner."
2/ "As we look to, say, Model 3 — a $35,000 car — that same person at the same moment we can sell them roughly an equivalent amount of solar panels and Powerwalls, effectively almost doubling the sale at that time and then putting it all in at the same time."
3/ There’s some questions about, like, if this will increase our debt position or balance sheet. It really doesn’t, we’ll take a close look at SolarCity and we’re doing that as the recourse steps, though that’s what matters."
4/ "The cash flow that SolarCity will generate covers all of the recourse debt, they are headed to a cashflow positive situation in the next three to six months on the outside and that’s where the company’s been steering itself."
5/ "We expect [SolarCity] to be a net cash generator, not a user of cash, particularly when taking into account the dramatic reduction in the cost of solar systems sold through our stores."
6/ "There’s the Silevo acquisition, which I think it the best technology out there for high efficiency, low-cost solar panels. And at the same time, very significantly improving the aesthetics of the solar panels."
7/ "I think there’s quite a radical difference between having solar panels on your roof that actually make your house look better versus ones that do not, I think it’s going to be a night-and-day difference."
7/ "We can’t go into the details ... because making future product announcements that are really exciting obviously affects future product sales ..., but I do believe it fits together very well with Tesla’s plans on the Powerwall and Powerpack side."
8/ All comments of Elon Musk on June 22, 2016. FYI, Silevo technology was a complete bust, and almost certainly known at this time to be a complete bust. It's not part of Solar Roof Tile design, which is itself a complete bust.
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