SolarCity

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

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

SolarCity Office Locations

SolarCity has offices in San Mateo, Las Vegas, Roseville, New York and in 76 other locations
San Mateo, US (HQ)
3055 Clearview Way
San Francisco, US
444 De Haro Street
Roseville, US
1000 Enterprise Way
Las Vegas, US
300 6671 S Las Vegas Blvd
Show all (80)

SolarCity Financials and Metrics

SolarCity Summary

In total, SolarCity had raised $803.2 m. SolarCity is a subsidiary of Tesla

SolarCity Financials

SolarCity's revenue was reported to be $730.3 m in FY, 2016
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
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

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

Cost of goods sold

48.8 m38.5 m32.4 m45.7 m59.5 m88.6 m109.1 m114.5 m129 m

Gross profit

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

Gross profit Margin, %

23%37%45%32%42%22%11%38%36%
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
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

519.6 m405.3 m696.5 m446.7 m421.4 m372.8 m361.7 m145.7 m259.3 m

Accounts Receivable

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

Inventories

106.3 m143.9 m186 m227.7 m279.8 m309.2 m306.7 m229.7 m206.2 m

Current Assets

727.1 m673.9 m1 b944.7 m923.3 m935.6 m836.4 m611.3 m677 m
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

Accounts Receivable

2.9 m22.7 m(11 m)(33 m)

Inventories

(20 m)217 m(130 m)170.6 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(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

Accounts Receivable

25.9 m22.3 m22.9 m25.6 m34.2 m38.6 m(6.7 m)(29.7 m)(31.1 m)

Inventories

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

SolarCity Median Salaries

Source: 176 public H-1B filings from SolarCity

Traffic Overview of SolarCity

SolarCity Online and Social Media Presence

SolarCity News and Updates

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…

SolarCity agrees to pay $29.5 million to settle allegations of lying to government

SolarCity, the solar energy company that was acquired by Tesla last year, will pay $29.5 million as part of a settlement with the government, which accused the company of lying to the government about the costs of solar energy systems. While that’s the way the Department of Justice framed the settle…

Peter Rive, SolarCity Cofounder And Elon Musk’s Cousin, Is Leaving Tesla

News of Rive’s exit comes on the heels of questions surrounding Tesla’s $2.6 billion acquisition of SolarCity in 2016. Peter Rive, the cofounder of SolarCity and cousin of Elon Musk, is leaving Tesla just under eight months after the automaker acquired the struggling solar company in a deal valued a…

Acquiring Residential Solar Customers To Get More Expensive Before It Gets Cheaper

The cost of acquiring new residential solar customers for installers has disappointed predictions, increasing in costs over the past several years, and will continue to increase before beginning to decrease in 2019, according to a new report from GTM Research.  Acquiring Residential Solar Customers …

Former SolarCity CEO Lyndon Rive will leave Tesla

(Reuters) - SolarCity founder Lyndon Rive, who steered the dramatic growth of the biggest U.S. residential solar company before driving its sale to Tesla Inc , is leaving the electric vehicle maker in June, he said on Monday.

Former SolarCity CEO Lyndon Rive will leave Tesla

(Reuters) - SolarCity founder Lyndon Rive, who steered the dramatic growth of the biggest U.S. residential solar company before driving its sale to Tesla Inc , is leaving the electric vehicle maker in June, he said on Monday.

SolarCity Company Life and Culture

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