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Family Business: Tesla Motors’ Batteries to Complete SolarCity’s Solar Power Products

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Elon Musk and Lyndon Rive

An interesting cohesion between Tesla Motors and SolarCity is seemingly getting bigger as of lately. The first are known for their trustworthy car batteries and the latter for their solar panels. The two of them could revolutionize how home-based solar power is sold throughout the United States.

Tesla is known for importing lithium ion batteries from Panasonic and SolarCity is probably using domestic solar cells for their systems. The recently-issued rebates from the California Public Utility Commission’s Self-Generation Incentive Program (SGIP) could boost their sales.

The two companies applied to receive the rebates for more than 70 projects so far (h/t GigaOm). However, they did not receive the confirmations that they’ll actually receive them.

All in all, it looks like it’s a family business, after all. The CEO of Tesla Motors, Elon Musk, owns shares in SolarCity, while Lyndon and Peter Rive are Musk’s cousins.

Great businesses start by being family-run, but there’s a saying that one shouldn’t do business with family members – it’s dangerous. On the other hand, we only wish the best to Musk and the Rives, as their success would only benefit the solar industry.

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