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Solar City was a debacle, it died immediately. Tesla's story in court was they were about to go bankrupt, and it was a financial necessity to redeploy all Solar
by refulgentis 2y ago
Solar City was a debacle, it died immediately. Tesla's story in court was they were about to go bankrupt, and it was a financial necessity to redeploy all Solar City assets, including all employees, to Model 3 production.
It breaks my heart because my rust belt hometown got a substantial investment from the state they had been chasing for a couple decades.
$700M of the Buffalo Billion went to a Solar City facility, Elon even said they were going to build the solar roofs there!
New York State didn't dare pick a fight with him as the factory set empty for years.
Full story via Bethany McLean, 2019:
https://www.vanityfair.com/news/2019/08/how-elon-musk-gambled-tesla-to-save-solarcity https://www.vanityfair.com/news/2019/08/how-elon-musk-gamble...
- grakasja 2y agoHuh, DOGE ought to look into where that 700M went..