Tesla's Musk adds solar roofs to his clean energy vision
Published: 2016-10-29 12:19:57.0 BdST Updated: 2016-10-29 15:53:47.0 BdST
Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp.
The billionaire entrepreneur showed of solar-powered roof tiles that eliminate the need for traditional panels and a longer-lasting home battery, which Tesla calls the Powerwall, aimed at realizing his vision of selling a fossil fuel free lifestyle to consumers.
"This is sort of the integrated future. An electric car, a Powerwall and a solar roof. The key is it needs to be beautiful, affordable and seamlessly integrated," Musk said while showcasing the products on homes that once served as the set of the television show "Desperate Housewives."
Musk is the biggest shareholder in both Tesla and SolarCity, which is run by two of his first cousins. Analysts have been dubious of the deal's proposed synergies, with some suggesting the merger is a way for Tesla to rescue money-losing SolarCity. A vote on the acquisition is scheduled for Nov 17.
The rollout of the product, expected as soon as next summer, would be "unwieldy" if the two companies are not combined, Musk told reporters.
Musk refused to answer a reporter's question about how Tesla's balance sheet would accommodate the acquisition of SolarCity.
By incorporating solar modules into rooftops, Tesla is hoping to succeed with a solar technology that to date has had little success. Just this year, Dow Chemical said it would stop selling a solar shingle it launched five years ago.
Tesla's glass solar roof tiles would look far better than any similar product, Musk said. They can be manufactured in a range of styles, which were demonstrated on the rooftops on the set.
Tesla gave little detail on cost, except to say that the cost of the roof would be less than a conventional roof plus solar. The product will appeal to home builders and people looking to replace their roofs, Musk said, adding that the shingles would be more durable and have better insulation qualities than conventional roofs.
SolarCity co-founder Peter Rive, Musk's cousin, said the solar roofs could easily have a five percent share of the new roof market within a year or two.
The new generation of home and industrial batteries will be available this year.
Any unauthorised use or reproduction of bdnews24.com content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action.
- US-Russian crew reaches space station with one empty seat
- Large asteroid to pass close to Earth on Wednesday: NASA
- Bangladeshi scientists offer to help India combat wheat blast
- Scientists launch campaign to restore Pluto to the planet club
- Strong tails helped early dinosaurs stand on two back feet
- SpaceX plans to send first paying tourists around moon next year
- Astronomers find seven Earth-size planets where life may be possible
- Launch of SpaceX Falcon rocket aborted seconds before liftoff
- Scientists claim existence of lost Pacific Ocean continent
- India launches record 104 satellites at one go
- Bangladesh directors to boycott actor Shakib Khan
- SSC results date announced
- Former British PM David Cameron coming to Dhaka
- Emma Watson remembers Rana Plaza in tweet
- China to invest $2 billion in Bangladesh construction materials sector
- 12,000 illegal Bangladeshi immigrants ready to leave Saudi Arabia
- Bangladesh life expectancy up: BBS
- ‘Improvised bomb’ found at Sylhet school
- India-owned BHEL gets $1.5 billion order to build Rampal Power Plant
- Death penalties reduced to life term is imprisonment until death: AG