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Posted By

RANDALL WILLIAMSON (Huntington Park, CA)

Category

Roofing

Posted Date

2/2/2018 12:00:00 AM

Forum Title

Elon Musk Roof Announcement Stuns Clean Energy Analysts

Elon Musk is trying to change the way we look at roofs. It sounds amazing with what he is trying to do. But will it work out for him or will it be a big bust?Quote: SolarCity Corpgot a rayof good news as Elon Musk announced that he was confident that his company could produce roof solar panels at a lower cost to buyers than a regular roof. That‚s even before the savings on energy bills after the panels are installed. This isbignews for SolarCity and Musk roofs. If the company can back this up, then, theoretically, there‚s no reasonnotto own a Musk roof fitted with solar panels. Here are Musk‚s exact words: It‚s looking quite promising that a solar roof actually cost less than normal roof before you even take the value of electricity into account. So the basic proposition would be ‚ÄòWould you like a roof that looks better than a normal roof, last twice as long, cost less and by the way generates electricity‚ why would you get anything else. Musk claims that the roofing supply chain was ‚Äúincredibly inefficient‚Äù and that the supply chain had largely been unexamined for a long while. SolarCity hopes that Musk roofs can take advantage of those inefficiencies by creating a much more streamlined supply-chain. He also mentioned that it would be cheaper before even accounting for subsidies. Musk said that the solar roof tiles would also weigh considerably less, going as low as a fifth of the weight of concrete or ceramic roofing options. This is welcome news at SolarCity and for the innovative tech billionaire.SCTY stockhas had an up-and-down month, as both the announcement of the merger withTesla Motors Incand the victory of green-energy skepticDonald Trumpin the U.S. presidential electionhave hurt SolarCity stockprices. But SCTY stock has since rebounded to about two percent, down from a month ago. There are also opponents to the Tesla-SolarCity merger that may try and halt it in court. Tesla announced that at least four lawsuits had been filed in the early part of the month in Delaware in opposition to the merger, alleging a break of fiduciary duty. In any event, the Musk roof announcement has been a ray of sunshine for clean tech companies.We‚ll have to wait and see if next-year sales will boost accordingly. Source
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