Did You Know This

Thursday, December 7, 2017

Did you know that Solar City in August 2016, announced that the company planned to cut the salaries of its two co-founders from $275,000 to $1 per year?

Did you know that SolarCity Corporation is a subsidiary of Tesla, Inc. that specializes in solar energy services and is headquartered in San Mateo, California?
Did you know that SolarCity markets, manufactures, and installs residential and commercial solar panels in the US?

Did you know that Solar City  merged with Tesla, Inc. and now offers energy storage services through Tesla, including a turnkey residential battery backup service that incorporates Tesla's Powerwall?

Did you know that Solar City the company, is in partnership with Panasonic, which operates the Tesla Gigafactory 2 in Buffalo, New York, where it manufactures solar module components?
Original SolarCity headquarters in Foster City, California
Installation vehicles with the original SolarCity logo
SolarCity vehicle with current SolarCity l
Did you know that SolarCity was founded in 2006 by brothers Peter and Lyndon Rive,[2] based on a suggestion for a solar company concept by their cousin, Elon Musk, who is the chairman and helped start the company?[3]

Did you know that in 2013, according to GTM Research, SolarCity was the leading residential solar installer in the U.S?[6]

Did you know that Solar Power World magazine listed it as the No. 2 overall solar installation company in the U.S?[7]

Did you know that SolarCity purchased Paramount Solar from Paramount Equity for $120 million in 2013?[8]
Did you know that October 2014, SolarCity announced it would be offering up to $200 million in solar bonds to launch a new online website to buy the debt, the first registered public offering of such bonds in the United States?[10] 

 
Did you know that in March 2016 SpaceX bought $90 million of SolarCity stock?[11]
Did you know that in late 2015, SolarCity withdrew from solar sales and installation in Nevada, following the decision by the state's Public Utilities Commission (PUC) to raise the monthly service charge for rooftop solar customers and progressively reduce the return on solar energy sold back into the grid under the state's net metering rule?[12]

Did you know under the new rules, the monthly service charge imposed on Nevada Power's rooftop solar-generating customers rose from $12.75 to $17.90 and was scheduled to rise to $38.51 by January 1, 2020?

Did you know that as a result, state's Public Utilities Commission SolarCity eliminated more than 550 jobs in Nevada?[12]
Did you know that in June 2016, Musk's car and battery company, Tesla, submitted an offer to acquire SolarCity for $2.5–3 billion.[13] According to Musk, the reason for this is "Creating a seamlessly integrated Tesla battery & solar power product that looks beautiful".[14]On August 1, 2016, SolarCity accepted Tesla Motors' offer of 2.6 billion. The merger was completed later in 2016.[15][16]

 Did you know that SolarCity at the end of 2015,  had 15,273 employees but at the end of 2016, it had 12,243 employees?[18]

Did you know that when SolarCity eliminated 20% of its total workforce in 2016,[18] the company did so to preserve cash?[19]

Did you know that Solar City job cuts affected workers across the entire company,[18][17] 22% of jobs were cut in operations, installations, and manufacturing; and 27% in sales and marketing?


Did you know that Solar City in August 2016,  announced that the company planned to cut the salaries of its two co-founders from $275,000 to $1 per year?[21]

Did you know that on August 1, 2016, Tesla announced in a joint statement with SolarCity it would be acquiring the company in an all-stock $2.6 billion merger?

Did you know that Tesla's mission since its inception has been to accelerate the world's transition to sustainable energy?

Did you know that as of August 2016, Musk owned 22% of SolarCity stock.[25] More than 85% of unaffiliated shareholders from Tesla and SolarCity voted to approve the acquisition on November 17, 2016,[26][27] which was closed on the morning of November 21, 2016?[16]

Did you know that Tesla's 2017 goals are to launch a new car, open a large battery factory, and "perfect autonomous driving"?

Did you know that the Buffalo Billion is a billion-dollar program from the administration of New York Gov. Andrew Cuomo,  the program's intention is to revitalize Buffalo New York in areas across Western New York?

Did you know that the New York state legislature plans to approve a budget by April 1, 2017 that would give $500 million more into the Buffalo Billion program?[70]

Did you know that the Oregon Attorney General Ellen Rosenblum was to investigate solar panel sales practices for Accountability, Solar City had received 58 complaints that consumers filed with the Oregon Department of Justice and said that the complaints indicated "a widespread pattern of apparent fraud and abuse by solar companies"?[74] ]

Did you know that in September 2017, SolarCity agreed to pay a $29.5 million penalty regarding allegations that the company overstated the cost of facilities it developed and submitted claims for under the American Recovery and Reinvestment Act of 2009, which would be a violation of the False Claims Act?
Did you know that SolarCity's received $280 million from Google which was the largest fund of its kind in the U.S?

Did you know that Google's was also the largest investor in clean energy?[87]

SolarCity in Buffalo New York
Did you know that in 2014, SolarCity announced plans to build a new manufacturing facility in Buffalo, New York,the initial manufacturing complex will be a 1.2-million-square-foot (110,000 m2) facility that will cost $900 million and employ 1,500 workers in Buffalo and 5,000 statewide?[88]

Did you know with a planned capacity of one gigawatt of solar panels annually by 2019, the new plant would be the largest solar plant in the U.S?[89]
Did you know that Panasonic is to handle production at the Buffalo plant, investing $256 million?[93]

Did you know that Panasonic and SolarCity/Silevo are developing similar but somewhat different HIT-technology, and by combining the two companies' technologies  SolarCity expects the Buffalo plant production of 10,000 solar panels per day?
Did you know that Elon Musk announced in 2017 that production of Tesla's solar roof products would be moved to the Buffalo plant at the end of 2017?[100]

Did you know that as of August 2017, production of solar roof tiles had begun at the factory, and Tesla expected to continue to ramp up production through the rest of the year?[66]





 





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