![]() ![]() Gary Black, managing partner, the Future Fund Solar remains so insignificant most investors don’t bother trying to model its results. The native Swede and Tesla Model 3 driver was inspired by Musk during his time living in San Diego and says he applied five separate times to work for the carmaker-receiving a rejection every single time. “If you think about what might be the opposite of the centralized production lines at Tesla’s streamlined car business, it would be providing custom-made solar roofs where you have to measure everything to the inch to fit perfectly,” says Svea Solar cofounder Erik Martinson. Some critics (and competitors) think that Musk miscalculated in trying to use the Tesla blueprint at SolarCity-before realizing how different the two businesses are. And it’s harder to differentiate yourself than in EVs, where Tesla has a first mover advantage.” “But it’s a much tougher business since a lot of it is installation. “It is the next frontier of sustainability, because you can use your Solar Roof to charge your car,” he says. ![]() Yet while its Megapack commercial battery storage business outperforms investor expectations, solar specifically remains so insignificant that most investors don’t even bother trying to model its results, according to Gary Black, cofounder and managing partner of the Future Fund and a well-known Tesla bull. Musk has often predicted his $3.9 billion energy operations will eventually grow to rival in size and profitability its much larger autos business, which generated $67 billion in revenue and a gross margin in the high 20s last year. “They tend to already be on the bandwagon and are looking at how to go to the next level.” “We don’t sell a lot of Tesla Solar Roofs to people that don’t already have an electric vehicle,” KPost’s Jaynes confirms. In theory, solar completes Musk’s virtuous circle of clean energy products-a holy trinity where Tesla customers own an EV, plug the car into their household battery to recharge, and power everything with the warm bountiful glow of the sun’s rays.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |