Buffalo will be, the Buffalo plant will be one of the key plants manufacturing that. "Tesla will provide the battery support and SolarCity will provide the panels along with the help of Panasonic. The other unknown is how electronic giant Panasonic factors in the success of the company. "They're a big player in the U.S., and Tesla has the retail base through its car sales so, if they can merge these two aspects together, they can make some reductions in costs." They own around 30 to 40 percent of the solar energy market in the U.S.," Dutta said. "SolarCity has a strong base of installations, they can help in installing solar panels. Dutta say the idea is to pair the strengths of the two companies under one roof. Following the announcement of plans to merge, stock prices for both companies dropped.ĭutta says while neither company is currently turning a profit, the merge will allow the new company to reduce costs. "In the long term, it's benefits for the whole world."ĭutta say the process will have its challenges. "In the short term, you will see benefits for Buffalo the city," Dutta said. Supradeep Dutta, a management associate professor at the University at Buffalo, says the merger of Tesla with a rooftop solar energy installer has the potential to be nothing short of a game-changer for Western New York. 17, Tesla shareholders vote on the $2.6 billion acquisition. Solar City is opening a factory at the RiverBend site in South Buffalo. Tesla CEO Elon Musk says it will allow people to power their homes and cars themselves, strictly with solar power. Tesla Motors, which is in the process of acquiring SolarCity, unveiled on Friday night a new solar roof system with textured glass tiles that are integrated with solar cells.
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