SolarCity

RECOMMENDATIONS “We have this handy fusion reactor in the sky called the sun, you don’t have to do anything, it just works. It shows up every day.” – Elon Musk, CEO Tesla Motors Unfortunately for SolarCity, the punctuality of the sun is not going to be enough to assure the success of the company. The evolving industry of solar energy requires a fast responsive approach. For this reason at the end of the analysis it is possible propose some possible suggestions for the future developments of the company. The only glimpses of a future strategy that we can get by the case is the intention of de-emphasize the residential customers expressed by the CEO. This strategy might help reduce the growing debt of the company and reduce the costs, in particular the ones connected with marketing. Following this strategy the company might consider reducing the sales-network efforts and focus on other priorities like R&D and the improvement of the quality of the service. This scenario might also help reduce the pressure on the utilities companies and therefore reduce competition, even though the residential customer are at the moment the greatest source of revenues for SolarCity. Another viable strategy could be investing in the upstream. As underlined in…

Peter Rive stated, “I don’t think anybody but the combination of SolarCity and Tesla can pull this off.” (“SolarCity” 1). SolarCity is a subsidiary of Tesla, Inc. that specializes in renewable energy sources such as solar panels and solar roofs. They are known as one of the most experienced clean energy companies in the world. SolarCity is changing the way normal people can use solar panels and clean energy sources. SolarCity says,“SolarCity makes it easy for customers to switch to cleaner…

to the International Space Station. According to Bogdan, this company received a National Aeronautics and Space Administration contract that is worth $3.1 billion dollars from NASA in 2008. For the mission, SpaceX has flown ten supply rockets to resupply the Space Station. Moreover, SpaceX developed the reusable spacecraft named Dragon that could travel in space. With these successes, SpaceX is now developing Falcon Heavy which could carry payload weighing more than twice than the payload of…

mentioned problems, a company called SolarCity may have a solution. SolarCity is a full-service solar power systems provider in Oregon. They claim to take care of every step of the way in making homeowners transition to solar power as smooth as possible. SolarCity makes it easy and affordable for Oregon homeowners and businesses to go solar. With their system design, financing, free solar panel installation, and system monitoring, there is no going wrong with SolarCity. They offer solar products…

method to build tunnels by using materials from the earth extracted while mining that were converted into brick for tunnel lining and structures (Johnson). The next way that Musk is going to protect the environment is by using and sharing the method of solar power. His car company, Tesla, recently bought a company called SolarCity as part of their environmental protection movement. The ultimate goal of SolarCity is to increase the use of solar power (“Tesla and SolarCity”). SolarCity is…

Financial Statement Research Tesla Inc. has improved their financial status from 2015 to 2016.Their most significant improvements have been increasing their total equity from 1.1 billion to 4.7 billion, an increase by 320%! This is caused by a spike in both total assets (up 180%) and total liabilities (up 141%). The question is, where did these assets come from? Well, Tesla merged with SolarCity on Nov. 17th, 2016 [19], which is right around when Tesla’s total assets increased significantly…

Elon Musk is an innovator and business magnate that is known for his big plans and the influence he has had on humanity (he has been named one of the most influential people). He is known for SpaceX, Tesla, and SolarCity. Most of his work and money goes to solving problems humanity faces, and helping further it. “My motivation for all my companies has been to be involved in something that I thought would have a significant impact on the world” he says. Tesla and SolarCity are both companies that…

As an entrepreneur, he founded many successful businesses, such as Tesla, SpaceX, and SolarCity. However, he founded many of them with the environment in mind. For example, tesla is an automotive car manufacturer which mass produces luxury electric vehicles, and SolarCity is aimed at provided homes with solar panels which are a form of green energy. Using these businesses, he changed the world because he was able to make something helpful to the environment, popular and in use by millions of…

for two years before transferring to the University of Pennsylvania to pursue a double major in business and physics. He began graduate school at Stanford University but dropped out after a few days to pursue Zip2, his first internet company. Compaq later bought Zip2, which landed Musk his first $22 million. After this he went forward to cofound X.com, which later developed into PayPal. eBay later bought PayPal, which landed Musk another $170 million. He then used $100 million of his own money…

At age 10, he developed an interest in computing with the Commodore VIC-20.He taught himself computer programming at the age of 12, sold the code for a BASIC-based video game he created called Blastar, to a magazine called PC and Office Technology, for approximately $500. A web version of the game is available online. He is the founder father, CEO, and CTO of SpaceX; co-founder, CEO, and product architect of Tesla Inc.; founder and CEO of Neuralink; co-founder and chairman of SolarCity;…