Solarcity is a publicly traded company whose chairman is Elon Musk. Musk’s cousins started the company. The company makes solar panels for, among other things, roofs. Musk himself runs Tesla, the car company, and has been pushing for a while for Tesla to buy Solarcity. That has now been done.
Tesla has been able to grow largely because of government policies that subsidize the growth of alternative fuel vehicles and energies. They are, however, at a point where they could most likely sustain themselves in the free market.
Musk argues that government policies actually benefit coal and oil and he is happy to give up preferential treatment if those companies would as well. He is right.
The government should absolutely scrap all preferential treatment in the tax code for Tesla and similarly situated companies and also get rid of any similar incentives in the tax code for oil and coal. They should be able to all compete in the free market.
And the moment I can afford a Tesla, I’ll buy one. Hopefully by then their interiors won’t be so cheap looking and uncomfortable.