Keeping up to date on this story, Elon Musk announces his new roof will cost less than a conventional roof – right out of the gate. Electrek has the news:
Elon Musk made quite the announcement today. During the special shareholders meeting to approve the merger with SolarCity, which they approved by 85%, he said that he was coming back from a meeting with the SolarCity engineering team about the solar roof and that he now feels confident that they could deliver the product at a lower cost than a regular roof – even before energy production.
That’s different from what the company was claiming before the meeting today.<
And it’s an incredibly bold claim since if it turns out to be true, no homeowner would have any reason not to choose a solar roof when buying a new roof.
That opens a few questions, such as what is the profit margin on these roofs? What is the profit margin on a traditional roof? Will those suddenly shrink in order to remain competitive? Are we in danger of putting small businesses out of work? Or will they have a part of the new business as well?
