Solar City & Tesla: What to expect from their teamwork?
Tesla and SolarCity are two of America's most successful companies in the country's energy industry. Just recently the companies have agreed to merge and they will soon providing services for the people as one. Business communities have different opinions about the upcoming merger. Some of them think that the companies will not be financially ready if they merge.
But business tycoon and Tesla's founder Elon Musk rest assured that both companies are financially ready for the merger and they have a lot of plans for the company and for the welfare of their consumers.
In a report posted by Clean Technica, Musk said that since 2010 a lot of people are predicting bad outcome against his business Tesla Motors. People would say whose going to have a business with Tesla if their track record is bad. He gave that statement during a forum held last November 2.
During that forum, Musk also shared some details about the upcoming merger. Here are some of the important points: SolarCity is going to put additional $500 million to Tesla's funds for the next 3 years.SolarCity also has prepared $1 billion funds for the business alone for the year 2016.
According to a report from CNBC, executives from both companies are planning to quell naysayers to be their stockholders and be ready to vote if the merging of the two companies can have positive outcomes for them or they are going to succeed more if they will not push the merging.
Elon Musk is confident that the upcoming merger will be a great opportunity for Tesla and SolarCity as well. He believes that if the merge will be pushed throug, it will eventuallyhelp the whole country in terms of energy and electricity. Using the solar power will be beneficial for the people now and for the years to come.
