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This Is Potentially World-Changing

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Elon Musk and his cousin Lyndon Rive,
. . . who respectively are CEOs of Tesla Motors and SolarCity,
. . . (while Musk is also chairman of SolarCity and its biggest shareholder),
. . . recently spoke at a private conference in New York City and expanded a bit,
. . . on their world domination plans for clean energy,
. . . (both the production - solar - and consumption of it - electric cars).

"Thanks to the economies of scale that will come from Tesla's gigafactory,
. . . within 10 years, every solar system that SolarCity sells,
. . . will come with a battery-storage system,
says Mr. Rive, and
. . . it will still produce energy cheaper than,
. . . what is available from the local utility company."

SolarCity's revenue has been growing 100% a year since its founding in 2006, and
. . . America's solar energy generating capacity has grown at around 40% a year,
. . . So if you just do the math, at 40% growth in 10 years time that's 1
. . . 70 gigawatts a year, equivalent to the electricity consumption of about
. . . 5 million homes, which is still "not that much, when compared with
. . . overall demand for electricity. It's almost an infinite market in our lifetimes.

Of course, when one company has success doing something,
. . . others follow, so Tesla and SolarCity won't be alone doing this.


09-18-2014 Source:  This is potentially world-changing


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