How will Tesla Motors Inc (NASDAQ:TSLA) benefit from this? Beyond the free testing SolarCity will be doing, Tesla will show the world that its batteries have uses beyond powering the Model S sedan. With many investors and analysts concerned that vehicle production and sales will take too long to reach scale, any viable alternative revenue generator should be welcomed. Tesla Motors Inc (NASDAQ:TSLA)’s battery could be appealing to many solar companies in the future, not just its sister company SolarCity Corp (NASDAQ:SCTY).
The news does not have an immediate effect on either company’s prospects, but illustrates a very applicable, beneficial relationship between the two. At the forefront of either company’s playbook is innovation, and this is prime example of simple yet effective collaborations.
The article Tesla and SolarCity Work Together originally appeared on Fool.com.
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