Monday, August 15, 2016

What does the Tesla / Solar City merger really mean for renewable energy?

Well, the dust has settled a bit after the initial excitement regarding Tesla's $2,600,000,000 purchase of Solar City.  (Somehow, writing it out with all 8 zeroes gives a better picture of the money involved.  As Senator Everett Dirksen never actually said, "A billion here and a billion there, and pretty soon you're talking about real money.")

Of course, there has been significant kerfluffle about the fact that Elon Musk is founder and general grand poo-bah of both companies.  However, it seems that settled down pretty quickly, primarily because Tesla's shareholders are still sitting pretty.

Besides, it's Elon-freakin-Musk.  What could go wrong? (insert smirk here)

So, what does it all really mean for renewable energy?  Not much.

Why? I'll tell you in two words: