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Tesla is entering the solar business at a terrible time (TSLA)

November 28, 2016

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Solar has generally been a difficult business, and that isn’t looking to change under President-elect Donald Trump.

Tesla officially acquired SolarCity in a deal worth roughly $2 billion on Monday. Prior to the shareholder vote, Musk unveiled several solar products that will become the focus of Tesla’s energy line. They include roof shingles that look like a normal roof, but are embedded with solar cells to generate energy, as well as an at-home battery, Powerwall 2.

Tesla will also continue to install larger solar array projects using its commercial battery, Powerpack 2, as was the case with the island of Ta’u that is now running almost entirely on solar power.

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