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Tesla-SolarCity Approved: New Industry Created

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November 18, 2016 1:42 pm
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The Tesla Motors Inc (NASDAQ: TSLA) – SolarCity Corp (NASDAQ: SCTY) merger passed a shareholder vote on Thursday, so the question on everyone's mind is what's next.

According to Trip Chowdhry of Global Equities Research, the shareholder vote will create an entity that faces an $88 billion market in the "Always 'ON' Home" market.

Specifically, Tesla's new industry creation equation is as follows: "GigaFactory x (Power Generation + Power Storage) + Autonomy x (Power Consumption) + Sharing Business Model = New Industry."

Moreover, a Tesla-SolarCity tie up will be the "prime beneficiary" of President-Elect Donald Trump's presidency as it will be: "America First & Make in the USA by American Workers."

Tesla is making American manufacturing "SEXY again" and will create more than 26,000 jobs in the US across its facilities in 1) Fremont, California (20,000 jobs) which will total 11.3 million square feet, 2) the Gigafactory in Spark, Nevada (6,500 jobs) will be the biggest factory in the planet with 13 million square feet of build-out, and 3) the solar GigaFactory in Buffalo, New York (500 jobs) will feature a 1.2 million square foot facility.

Shares of Tesla were trading lower by nearly 1 percent at $186.93, while shares of SolarCity were higher by nearly 1 percent at $20.57.

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