Tesla and SolarCity Merge To Solve Sustainable Energy Problem

Electric and autonomous car maker Tesla and leading rooftop solar installer SolarCity announced Monday that they have agreed to a $ 2.6 billion merger, moving to create a company that combines household renewable energy, battery storage and cars that are able to run on it, reports the Washington Post. Elon Musk, chief executive of Tesla and also the chairman of SolarCity, stated,

This is really all part of solving the sustainable energy problem. That’s why we’re all doing this, is to try to accelerate the advent of a sustainable energy world, and I think this is an important step in that direction.

The Tesla Model S Sedan features an autopilot option that members of Maryland’s Autonomous and Connected Vehicle Working Group tried out on their meeting on May 16.

Learn more about autonomous vehicles at the 2016 MACo Summer Conference panel: Are We There Yet? Autonomous Vehicles and the Future of Transportation.

Useful Links

Prior Conduit Street Coverage of Autonomous Vehicles

Learn more about MACo’s Summer Conference: