IT HAPPENED! The State of California dropped a Bomb on Elon Musk unexpectedly

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IT HAPPENED! The State of California dropped a Bomb on Elon Musk unexpectedly
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Tesla Against New California's Proposal related to Solar Energy
Billionaire Elon Musk is going to have a headache with California again as the state’s legislators proposed a proposition to increase the cost relating to the installation and usage of home solar energy systems. The new regulation will slow down the rollout of solar and hinder the achievement of carbon neutrality. And this is important to Musk, because, if you haven’t already heard, solar is also in Tesla's area of expertise.
So why are California officials drawing up this new proposal?
Hello guys! Welcome back to our channel Tesla Fans where we update you on all the latest news about Tesla, Elon Musk, and the world electric vehicles market. In today's video, we are going to talk about why solar energy, which is one of the most sustainable sources of energy, is becoming expensive in California, and how Musk is taking action against it with the help of Californians and his Tesla employees. If you want to find out more, then stay with us until the end of the video. Also, before we start the video don’t forget to subscribe and ring the bell for more amazing videos to come. And now, let’s get started!
Besides developing the electric car company Tesla, Elon Musk also focuses on solar energy. Per the Wall Street Journal, Elon Musk once said: "The goal is not to be a car company. There are plenty of car companies, but an electric car company is part of a sustainable energy future, as is solar and stationary storage."
In 2016, Tesla acquired SolarCity for around $2.6 billion. SolarCity was founded in 2006 by Musk’s cousins, Peter and Lyndon Rive. It was backed by Musk who served as chairman of the board at both Tesla and SolarCity.
Musk argues that merging with SolarCity would transform Tesla into a one-stop shop for "drivers who want to go green".
Musk has emphasized repeatedly that SolarCity is the missing part of Tesla’s business. Tesla already manufactures Powerwall and chargers for its cars, but if a customer wants to use solar energy to power their home and Tesla, they currently must lease solar panels from a third-party company that installs them.
To convince shareholders to approve this deal, Elon Musk hosted a splashy event in Hollywood, where he held up a shiny roof shingle, which he said was a miniaturized solar panel.
Also at that time, Musk also gave a series of explanations about SolarCity’s new project of the solar roof, which shook the entire home utilities industry.
IT HAPPENED! The State of California dropped a Bomb on Elon Musk unexpectedly
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