Tesla's Musk provides solar roofs to his smooth strength vision

Tesla cars Inc leader executive Elon Musk on Friday unveiled new energy merchandise aimed toward illustrating the advantages of combining his electric powered automobile and battery maker with solar installer SolarCity Corp.

The billionaire entrepreneur showed of sun-powered roof tiles that put off the want for traditional panels and a longer-lasting domestic battery, which Tesla calls the Powerwall, geared toward realizing his imaginative and prescient of promoting a fossil gas loose lifestyle to customers.

"that is kind of the included future. An electric powered vehicle, a Powerwall and a sun roof. The secret's it needs to be stunning, low cost and seamlessly incorporated," Musk stated at the same time as showcasing the products on homes that once served because the set of the television show "determined Housewives."

Musk is the biggest shareholder in each Tesla and SolarCity, that's run by means of two of his first cousins. Analysts have been dubious of the deal's proposed synergies, with some suggesting the merger is a way for Tesla to rescue money-dropping SolarCity. A vote on the acquisition is scheduled for Nov. 17.

The rollout of the product, anticipated as quickly as next summer, would be "unwieldy" if the 2 corporations aren't combined, Musk informed journalists.

Having two separate corporations "slows matters down, makes them greater steeply-priced. it is worse for shareholders," he stated.

Musk refused to reply a reporter's question about how Tesla's stability sheet might accommodate the acquisition of SolarCity.

by way of incorporating solar modules into rooftops, Tesla is hoping to be successful with a solar technology that so far has had little achievement. simply this year, Dow Chemical stated it might stop selling a sun shingle it launched 5 years in the past.

Tesla's glass sun roof tiles could look a ways better than any similar product, Musk stated. They may be manufactured in more than a few patterns, which have been demonstrated at the rooftops on the set.

Tesla gave little element on price, besides to say that the cost of the roof might be much less than a conventional roof plus sun. The product will appeal to home developers and people looking to update their roofs, Musk said, including that the shingles could be greater durable and have higher insulation qualities than traditional roofs.

SolarCity co-founder Peter Rive, Musk's cousin, said the solar roofs could without difficulty have a five percent proportion of the new roof marketplace within a 12 months or two.