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
Las Vegas, US
300 6671 S Las Vegas Blvd
Roseville, US
1000 Enterprise Way
San Francisco, US
444 De Haro Street
Show all (80)

SolarCity Financials and Metrics

SolarCity Summary

In total, SolarCity had raised $884.6 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
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%
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
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
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
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

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

SolarCity's Web-traffic and Trends

SolarCity Online and Social Media Presence

SolarCity News and Updates

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…

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…
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SolarCity Company Life and Culture

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