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. 

Employee Rating

3.2More
StateClosed
TypeSubsidiary
Parent CompanyTesla
HQSan Mateo, US
Founded2006
Websitesolarcity.com
Cybersecurity ratingBMore
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 San Mateo, Albuquerque, Bethpage, Camarillo and in 31 other locations
San Mateo, US (HQ)
3055 Clearview Way
Albuquerque, US
8000 Bluewater Rd NW # D
Bethpage, US
415 Grumman Rd W
Camarillo, US
4023 Camino Ranchero
Clarksburg, US
22530 Gateway Center Dr #400
Clermont, US
1227 Commons Ct
Show all (35)

SolarCity Financials and Metrics

Summary Metrics

In total, SolarCity had raised $2.1 b. 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

126.9m163.8m81.4m106.1m730.3m

Revenue growth, %

29%56%57%83%

Cost of goods sold

91.7m83.5m115.2m478.9m

Gross profit

72.1m(2.1m)(9.2m)251.4m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

30.0m37.9m48.6m63.5m61.3m58.3m12.7m24.5m28.8m122.6m185.8m200.6m

Cost of goods sold

11.8m15.2m22.6m32.8m17.6m6.6m13.5m22.1m42.6m109.1m114.5m129.0m

Gross profit

18.2m22.7m26.0m30.8m43.7m51.7m(752.0k)2.4m(13.8m)13.4m71.3m71.6m

Gross profit Margin, %

61%60%53%48%71%89%(6%)10%(48%)11%38%36%
Annual
USDY, 2011Y, 2012Y, 2013FY, 2013FY, 2014Y, 2014Y, 2015FY, 2015FY, 2016

Cash

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

Accounts Receivable

23.0m23.0m22.7m22.7m34.0m34.0m66.9m

Prepaid Expenses

27.0m55.7m79.9m

Inventories

111.4m111.4m217.2m217.2m343.0m343.0m172.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

41.4m97.9m166.7m308.8m

Inventories

(20.0m)(97.3m)(125.3m)170.6m

Accounts Payable

50.8m112.5m125.5m(149.7m)
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SolarCity Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

SolarCity Online and Social Media Presence

Embed Graph

SolarCity News and Updates

Elon Musk made a $6 billion mistake when he bought SolarCity with Tesla stock

Elon Musk made a $6 billion error when he used Tesla stock to buy SolarCity in 2016. The shares were worth $2.6 billion at the time, but have soared 320% since then. Musk effectively paid $8.4 billion for SolarCity, more than triple what he planned to spend. Warren Buffett made the same error when…

All Tesla Directors But Musk Settle Investors’ SolarCity Suits

All Tesla Directors But Musk Settle Investors’ SolarCity Suits

Elon Musk Says Shifting SolarCity Workers Helped Tesla Stay Afloat

Elon Musk Says Shifting SolarCity Workers Helped Tesla Stay Afloat

Tesla's Elon Musk knew SolarCity faced a 'liquidity crisis' at time of the deal, filings show

Even as Elon Musk was touting the benefits of a Tesla-SolarCity combination, he was corresponding with executives about SolarCity's financial struggles.

Tesla's Musk pushed for SolarCity deal despite major cash crunch: lawsuit

Tesla Inc Chief Executive Elon Musk urged investors to approve the 2016 purchase of SolarCity at a big premium to its market value despite knowing the solar installer faced a cash crunch and publicly stating he had recused himself from involvement in the deal, according to court documents unsealed …

Tesla and Musk hid facts about SolarCity deal and SpaceX involvement, shareholders claim

Shareholders are accusing Tesla of improperly valuing the SolarCity deal, providing flawed analysis and misleading investors.
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SolarCity Frequently Asked Questions

  • When was SolarCity founded?

    SolarCity was founded in 2006.

  • Who are SolarCity key executives?

    SolarCity's key executives are Lyndon Rive, Radford Small and Peter Rive.

  • How many employees does SolarCity have?

    SolarCity has 15,273 employees.

  • What is SolarCity revenue?

    Latest SolarCity annual revenue is $730.3 m.

  • What is SolarCity revenue per employee?

    Latest SolarCity revenue per employee is $47.8 k.

  • Who are SolarCity competitors?

    Competitors of SolarCity include Yellow Door Energy, Global Efficient Energy and Soltage.

  • Where is SolarCity headquarters?

    SolarCity headquarters is located at 3055 Clearview Way, San Mateo.

  • Where are SolarCity offices?

    SolarCity has offices in San Mateo, Albuquerque, Bethpage, Camarillo and in 31 other locations.

  • How many offices does SolarCity have?

    SolarCity has 35 offices.