Elon Musk

The SolarCity founder says he is leaving to take time off and start a new venture, as Tesla’s solar sales volume contracts and the company shifts focus to profit and new products instead of growth.

Yesterday, the energy and automobile giant rolled the dice on its biggest gamble yet, giving U.S. homeowners the opportunity to reserve its new roofing product for a down payment of $1,000.

Production of the luxury BIPV product will not begin until “mid-2017”, and a waiting list has appeared on the Tesla site.

It took a couple of tweets, and at least one one-hour long phone call, but it seems pretty clear that Tesla founder, CEO and billionaire Elon Musk has helped turn the debate around energy policy in Australia on its head.

Tesla founder Elon Musk has thrown down a challenge to the Australian government, saying that he can build a battery array capable of resolving South Australia’s energy stability issues within 100 days. Musk took to social media to make the challenge, saying that Tesla could develop a 100 MWh system to stabilize the state’s electricity network, within 100 days of a contract being signed, or that he’ll provide it for free.

The EV, battery and now solar company fell into the red in Q4 concurrent with the acquisition of SolarCity, as it begins making batteries at its Gigafactory and prepares for Model 3 roll-out.

Along with changing its name from Tesla Motors to Tesla Inc. the electric vehicle and battery maker will eliminate the SolarCity brand.

The system is one of three that SCE has contracted to meet peak demand needs following its Aliso Canyon leak, as a new test for the abilities of energy storage.

The factory is producing lithium-ion batteries both for Tesla’s energy storage products and electric vehicles

Joint statement issued by the solar division of the Japanese electronics giant and Elon Musk’s Tesla says that production of PV modules will begin in summer of 2017.