Tesla’s 2014 acquisition of SolarCity turned the electric vehicle manufacturer into the undisputed largest player. A huge player in residential solar. Heck and for full disclosure I have Tesla solar and also two Powerwalls. I talk about them all the time.
However, that lead has steadily eroded as its major competitor.
In addition and then cue Sunrun, surged ahead. Moreover with more aggressive plans. Now with the $3.2 billion acquisition of the residential solar installation company Vivint Solar: uh oh. Because Sunrun looks to solidify its place in the top spot.
From Tesla’s very early days Elon Musk has tried to define the company as an energy company. I mean rather than just a manufacturer of electric vehicles.
So when Tesla made its $2.6 billion bid for SolarCity the move was viewed as the culmination of the first phase of its “master plan,”
Now that plan faces a major test. Especially from a publicly traded competitor. One that’s focused solely on providing residential solar power. Moreover and the ability to lower costs for its panels. Especially through greater efficiencies of scale. I mean and finally this is all according to analysts who track the solar energy sector.
For the entire story on Tech Crunch
