SolarCity Corp customers can produce enough electricity to power almost the entire Tesla fleet
Over the decade the company has spent in the promising US solar market, SolarCity Corp.’s (NASDAQ:SCTY) customers have increased to over 230,000. Not only are customers of Tesla Motors Inc.’s (NASDAQ:TSLA) sister company playing an active role as a source of energy in the country, but they can even power almost the entire fleet of Model X crossovers and Model S sedans.
The brainchild of both the innovative companies, Elon Musk, tweeted late Thursday: “SolarCity panels produce enough zero carbon energy to charge entire Tesla fleet.” SolarCity also said in a recent a blog that all its customers together have produced billions of kWh of energy, powering their businesses, municipal buildings, neighborhoods, as well as US military units. A few weeks back, the solar panel owners generated their highest energy level of over 8 million kWh in just 24 hours.
According to the Environmental Protection Agency, a fully-charged Model S has a range of roughly 234 miles, enough to drive from Washington DC to NY. In its 4QFY15 Shareholder Letter, Tesla said that it has sold over 107,000 premium sedans around the globe by the end of last year. Including the latest deliveries, that number has increased to over 122,000.
The base-model of the Model S has a battery pack of 70 kWh. The solar company estimates that eight million kWh of power could fully charge roughly 114,300 Tesla cars.
“Whether solar panels are fueling your car, powering your home’s air-conditioner and appliances, or powering the US economy … 8 million kilowatt-hours in one day is a lot to go around,” SolarCity said. “We couldn’t be more excited for the rest of spring and summer — to see even more awesome results that the sunniest days of the year bring to our customers and their communities.”
Mr. Musk is one of the very few people who actually care about the world and the worsening environment. While Tesla produces zero-emission vehicles, SolarCity’s panels produce carbon-free electricity. Driven by hefty government subsidiaries, while the solar-company enjoys increasing revenues in the US, the EV maker sees extraordinary demand for its mass-market vehicle, the Model 3, which will not hit the roads before the end of 2017.
Although there is no data regarding those SolarCity customers who are Tesla owners at the same time, the launch of the affordable sedan could push many of them to become Model 3 owners as well in the coming years.