Gliding future of SolarCity – Elon Musk
The biggest difference I’ve noticed between successful people and unsuccessful people isn’t intelligence or opportunity or resources. It’s the belief that they can make their goals happen. We all deal with vulnerability, uncertainty, and failure. Some of us trust that if we move forward anyway, then we will figure it out. Today I’m writing about Gliding future of SolarCity – Elon Musk . I’m sitting in the home where I was born and I am wondering one thing that seems to have made the difference in my life over and over again. I’m thankful that I believe in myself.
This quality is partially who I am and partially a result of the family and friends that have supported me throughout my life. Regardless of where it comes from, it is the one quality that allows me to not only talk about what I’m grateful for, but also to live it out.
About Elon Musk
A small boy who immediately developed a craze in computer programming and technology Elon Musk the second entrepreneur in the Silicon valley who is currently managing three companies of his own unique invention with the worth of more than $ 1 billion. Elon Musk –who is currently the Ceo of SPACEX, chief architect of Tesla Motors and the chairman of Solarcity. He is not only an entrepreneur but he is also an engineer, inventor and innovator. Elon Musk personally like to design electric cars and spaceships. He believe that perseverance, critical thinking, hardwork and accurate self- analysis are the main factors which will help you in ensuring success.
SolarCity is an American provider of energy services, headquartered in San Mateo, California. Among its primary services, the company designs, finances, and installs solar power systems. The company has over 13,000 employees.
SolarCity has grown to meet the rapidly growing installation of solar photovoltaic systems in the United States. The overall U.S. market has grown from 440 megawatts (MW) of solar panels installed in 2009 to 6,200 MW installed in 2014. SolarCity has diversified in 2014 and 2015, with the aim of lowering costs and boosting sales. Paramount Solar was purchased for $120 million in 2013.
SolarCity was founded in 2006 by brothers Peter and Lyndon Rive, based on a suggestion for a solar company concept by their cousin, Elon Musk, who is the chairman and helped start the company. SolarCity has been the leading provider of residential solar power in California since 2007, its first full year of operation, according to the database kept by the California Solar Initiative and was the number one residential solar installer in the U.S. in 2013, according to GTM Research. In 2013, Solar Power World magazine listed SolarCity as the No. 2 overall solar installation company in the U.S.
In 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.
SolarCity delivers better energy
SolarCity is America’s largest solar power provider. We make clean energy available to homeowners, businesses, schools, non-profits and government organizations at a lower cost than they pay for energy generated by burning fossil fuels like coal, oil and natural gas.
Our approach is to install systems to the highest engineering standards while making the switch simple for our customers. We’ve revolutionized the way energy is delivered by giving customers a cleaner, more affordable alternative to their monthly utility bill.
America’s #1 full-service solar provider
SolarCity makes it easy for customers to switch to cleaner energy. We take a comprehensive look at our customers’ energy usage and identify opportunities for improvements. We perform the entire process, from permitting through installation, and provide ongoing monitoring and repair services. We also guarantee the electricity production of our solar energy systems to our customers. We are the only company that offers integrated sales, financing, design, installation, monitoring and efficiency services from a single source, without requiring the services of multiple third-parties.
Our project management and performance monitoring systems scale to support millions of users, and provide our customers a real-time view of their net energy consumption and carbon footprint.
Elon Musk’s Big Idea for Solar Energy Is Simply Awesome
SolarCity Chairman Elon Musk believes that all of China can be powered by solar energy. Elon Musk was at the StartmeupHK Venture Forum in Hong Kong last week. There, he spoke on the subject of solar energy development in China. “China has an enormous land area, much of which is hardly occupied at all,” said the founder of Tesla. He pointed out that although China has a large population, most people live along the coast. Therefore, the giant space inland could be used to put in some solar panels.
Since Elon Musk was speaking in Hong Kong, he also gave some advice on how solar energy could power the city. Hong Kong does not have much vacant land left, so Musk doesn’t see the massive installation of solar panels in the city. Rather, he suggested that Hong Kong could use some of the solar energy from China. “You can supply Hong Kong with solar power. It just needs to be coming from a land area that’s not too far away,” notes Musk.
Why Shares of SolarCity Are Towering
Billionaire entrepreneur Elon Musk has acquired another $10 million worth of shares of solar tech installer SolarCity. While Elon Musk bought the shares on Friday, SolarCity’s jumped on Wednesday by over 23.46% at one point to $22.60 during morning trading. Musk, who is chairman of SolarCity and CEO of electric car maker Tesla Motors, bought the shares when SolarCity’s stock hit $17.56 per share. That was one of the company’s lowest trading prices in three years.
Elon Musk’s acquisition could be giving investors confidence in solarcity as a long-term investment. In addition, Musk—who helped create the company along with his cousins Lyndon and Peter Rive—could see the low stock price as a good deal to buy up shares when they’re particularly cheap.
Three days before the billionaire entrepreneur bought the stock, SolarCity’s stock cratered, dropping over 30% on missed guidance and slower growth. While SolarCity had previously predicted a year of dampened growth in 2016, investors were disappointed in the number of solar panels the company installed in 2015 as well as in SolarCity’s prediction that its losses would continue to expand over the first quarter of this year.
Elon Musk now owns 21.85 million shares of SolarCity, which at a trading price of $22.60 are worth about $494 million. Last year, SolarCity traded as high as $63.79, which would make those same amount of shares worth about $1.40 billion. Musk bought another $10 million worth of shares back in December when SolarCity was trading at $33 per share.
SolarCity has seen rapid growth in the amount of solar panels it has installed in the U.S. over the past several years. But as competition has become heated, and an important federal subsidy for solar is scheduled to expire in the coming years, SolarCity has said it plans to see more modest growth in the future.
At the same time, SolarCity has been building a huge solar panel factory in upstate New York, which will churn out solar panels and eventually help the company lower its costs per solar panel installed. It’s an ambitious, and somewhat risky, move to try to bring solar panel production in house when huge solar panel makers have spent years making panels increasingly cheap.
If you believe in the long-term vision of SolarCity as a successful, completely vertically-integrated panel maker and installer, then the company’s low stock price might be helpful.