When elon musk acquired solarcity in the fall of 2016 he paid for it using tesla stock worth 2 6 billion at the time.
Solarcity elon musk roof.
Tesla ceo elon musk knew at the time of the 2016 acquisition of solarcity that the solar installer was facing a liquidity crunch according to newly unearthed emails between musk and ex solarcity.
When tesla bought solarcity in november 2016 elon musk billed the deal as a match made in green energy heaven.
Elon musk announced tesla s work on the 3rd version of the solar roof in late 2018 and he spoke to progress on the product at a shareholder s meeting saying the company has approached finalizing the new version.
Tesla s ceo gave 0 110 tesla.
I am very excited about version 3 of solar roof he added.
Those shares are worth 8 4 billion today.
Chief executive officer elon musk unveiled solar roof shingles as part of his push to buy solarcity the automaker says it finally has a version of the tiles.