SolarCity is a full-service solar provider for homeowners, businesses and government organizations. It provides solar power system design, financing, installation, energy efficiency and monitoring services. The company makes clean energy available to homeowners, businesses, schools, non-profits and government organizations at a lower cost than they pay for energy generated by burning fossil fuels like coal, oil and natural gas. SolarCity's mission is to make solar power the workhorse of the world's energy production.
Type
Subsidiary
Parent Company
Tesla
HQ
San Mateo, US
Founded
2006
SolarCity was founded in 2006 and is headquartered in San Mateo, US
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Key People/Management at SolarCity

Lyndon Rive

Lyndon Rive

Founder, CEO
Radford Small

Radford Small

CFO
Peter Rive

Peter Rive

CTO
Elon Musk

Elon Musk

Chairman
Aaron Gillmore

Aaron Gillmore

Vice President, Solar Development
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SolarCity Office Locations

SolarCity has offices in South Burlington, Draper, Houston, Dallas and in 31 other locations
Las Vegas, US (HQ)
300 6671 S Las Vegas Blvd
Roseville, US (HQ)
1000 Enterprise Way
San Francisco, US (HQ)
444 De Haro St
San Mateo, US (HQ)
3055 Clearview Way
Albuquerque, US
d 8000 Bluewater Rd NW
Bethpage, US
4 15 Grumman Rd W
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SolarCity Financials and Metrics

Summary Metrics

In total, SolarCity had raised $884.6 m. SolarCity is a subsidiary of Tesla

SolarCity Revenue

SolarCity's revenue was reported to be $730.34 m in FY, 2016 which is a 82.8% increase from the previous period.
Annual
usdFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

126.9 m163.8 m255 m399.6 m730.3 m

Revenue growth, %

29%56%57%83%

Cost of goods sold

34.7 m176.4 m280.8 m478.9 m

Gross profit

129.1 m78.6 m118.8 m251.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

48.6 m63.5 m61.3 m58.3 m67.5 m102.8 m113.9 m122.6 m185.8 m200.6 m

Cost of goods sold

31.1 m48.8 m38.5 m32.4 m45.7 m59.5 m88.6 m109.1 m114.5 m129 m

Gross profit

17.5 m14.8 m22.9 m26 m21.8 m43.3 m25.3 m13.4 m71.3 m71.6 m

Gross profit Margin, %

36%23%37%45%32%42%22%11%38%36%
Annual
usdY, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

50.5 m160.1 m577.1 m504.4 m382.5 m290.7 m

Accounts Receivable

23 m22.7 m34 m66.9 m

Inventories

111.4 m217.2 m343 m172.7 m

Current Assets

787.7 m1 b902.1 m692.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

133 m519.6 m405.3 m696.5 m446.7 m421.4 m372.8 m361.7 m145.7 m259.3 m

Accounts Receivable

32.8 m25.9 m22.3 m22.9 m25.6 m34.2 m38.6 m40.7 m63.7 m65.1 m

Inventories

90.8 m106.3 m143.9 m186 m227.7 m279.8 m309.2 m306.7 m229.7 m206.2 m

Current Assets

312.2 m727.1 m673.9 m1 b944.7 m923.3 m935.6 m836.4 m611.3 m677 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(151.8 m)(375.2 m)(768.8 m)(820.3 m)

Depreciation and Amortization

166.7 m

Inventories

(20 m)217 m(130 m)170.6 m

Accounts Payable

50.8 m237.8 m125.5 m(149.7 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(34.6 m)(75.2 m)(88.5 m)(70.1 m)(146.9 m)(155.7 m)(234.3 m)(283.1 m)(533.4 m)(758.7 m)

Depreciation and Amortization

55.8 m

Inventories

106.3 m143.9 m186 m227.7 m279.8 m309.2 m36.8 m114 m137.3 m

Accounts Payable

98.9 m141.8 m206 m216.8 m278.6 m296.2 m(69.7 m)(149.8 m)(110.8 m)
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SolarCity Online and Social Media Presence

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SolarCity News and Updates

California’s new solar mandate for homes is hastening the inevitable grid “defection day”

Utilities love solar, as long as they own it. The idea of customers generating their own solar power, and selling it back to the grid,…

UPDATE 1-Tesla shareholder lawsuit against SolarCity deal set to proceed

March 29 (Reuters) - A class action lawsuit by Tesla Inc shareholders against the electric car maker's chief executive, Elon Musk, and the company's board over the SolarCity deal was set to proceed after a Delaware judge refused to dismiss it.

Sunrun To Overtake SolarCity As Leading US Residential Solar Lease Provider, Predicts GTM Research

After leading the way for several years, SolarCity is expected to lose its spot as leading residential solar lease provider in the United States to its main competitor, Sunrun, by the end of the year, according to new data from GTM Research. 

Working Together, Small Solar Firms Compete With Big-Name Rivals — Episode 45 Of Local Energy Rules Podcast

Fast-improving technology and growing consumer interest continue to put momentum behind the clean energy transition. Unlike utilities and other industry players that have largely ignored growth opportunities as market dynamics shift, a coalition of independent solar companies is harnessing its combi…

PE HUB First Read

First Read begins the day with news that Uber introduces a credit card, Tesla lays of hundreds of workers in its SolarCity unit, and three Latina software engineers are suing Uber for allegedly discriminating against them.

27 Companies Supporting Paris Climate Agreement Also Donated Millions To Undermine It

Twenty-seven companies that urged the Trump regime to stick with the Paris Climate Accord also contributed a total of $3.3 million to the Republican Attorneys General Association (RAGA) that has worked assiduously to dump President Obama’s signature Clean Power Plan 27 Companies Supporting Paris Cli…
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SolarCity Company Life and Culture

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