I'm pretty sure the big win is giving Solar City access to Tesla's financing facilities.
I'm pretty sure the big win is giving Solar City access to Tesla's financing facilities.
You could say that for pretty much every service you buy. Yet people keep spending money for things they could do (cheaper) themselves!
If you have a PPA, the installer reaps all of the financial benefits. If you finance the system, you get all of the financial benefits. Its the difference between leasing a car versus financing it and then driving it until the wheels fall off (keep in mind, panels have a 25 year warranty but will still produce above 80% capacity for decades after that).
More like Solar City is going to ruin Tesla's financing facilities.
Not if Tesla can borrow those credit lines, and then lend them out with Solar City installs at a profit.
Not losing $300 Million / quarter.
Musk has lots of work to do for sure.