When Elon Musk and Tesla announced the SolarCity acquisition last month, investors were looking for a way to diversify their portfolio.
They didn’t see it coming, though, because Musk is a billionaire.
Musk is worth an estimated $4.4 billion, and Tesla is worth $3.3 billion.
The two companies are currently valued at about $5.5 billion.
While Musk and his team did make a profit from the acquisition, they are far from profitable.
According to Musk’s recent earnings call, the company had a net loss of $826 million in the quarter.
But the company did make money in the other three months of the year.
In the second quarter, Tesla made $1.7 billion in sales.
The company made a profit of $3 billion in the second half of the quarter and $3 million in Q1 of the second year.
Tesla’s stock is trading at $130.10 in 2018, according to FactSet, up by nearly 30% from last year’s closing price of $130 a share.
The stock has been soaring for years, going from around $110 to $150 by late 2017.
The SolarCity sale is a major boost to Tesla’s business, but Musk’s stock still trades below its historical highs.
Tesla had just $14.5 million in cash on hand when the deal was announced, according in the company’s proxy statement.
That’s a lot of cash to be sitting on, but that’s nothing compared to the amount of cash that Musk has accumulated over the years.
In 2017, the year after the company started building its factory in Nevada, Musk accumulated $9.3 million.
By 2019, the factory was generating $5 billion in revenue, and by 2020 it was producing over $25 billion in annual revenue.
That is, Tesla had a total of $25.8 billion in cash at the time of the acquisition.
That included $3,800 million from the sale of SolarCity stock.
This was part of Musk’s plan to diversified his portfolio by selling off SolarCity’s assets and taking a bigger stake in other companies.
Tesla has also spent a lot on solar panels and solar thermal projects in recent years, but its biggest investments were made in battery storage.
The solar panels on the roof of the factory Musk purchased in Nevada were installed in 2019.
Tesla says that the battery batteries in the factory are rated for 100% continuous operation for up to 25 years.
Tesla is now developing a prototype of a solar thermal project that will produce thermal energy by converting sunlight into heat.
Musk says the project is scheduled to be finished by 2022.
In 2018, Musk purchased the remaining 49% of Solar City for $1 billion, according the proxy statement, but Tesla also sold off a smaller portion of the company in 2018 for $700 million.
This left Musk with $3 in cash and $5 in shares of Solar Capital, according his proxy statement for the year in which he purchased the shares.
This meant that he was left with $5 million to spend on the Solar City company.
The purchase of Solar Energy also made it possible for Musk to take out a $2 billion loan on Tesla’s solar thermal business.
Musk bought the Solar Energy business in 2017 and it was able to produce a $300 million wind farm in Nevada.
Musk sold the solar energy business in 2020 and the Solar Capital business in 2021.
Musk was able the cash flow from these deals by increasing Solar Energy’s capital spending.
It is worth noting that Tesla also had a cash flow of $1,746 million in 2019 and $2,085 million that year, according its proxy statement of the two years before the sale.
This is because Tesla was able, through the loan, to borrow money for solar energy projects and use that money to fund Tesla’s investments in solar thermal plants and battery storage facilities.
Tesla also has a number of other solar projects, including a massive solar thermal plant in California that was completed in 2016.
Solar thermal plants produce heat that is used to heat buildings, and this is where Musk is building his factory.
Tesla was also able to buy SolarCity shares during this time.
SolarCity has been a major part of Tesla’s overall business, though.
Solar Energy has been the company that Musk and SolarCity bought the majority of, and it is currently Tesla’s largest shareholder.
In addition to its solar thermal power plants, Tesla has several other projects that are aimed at powering cars and trucks.
Musk has said that he wants to build the world’s largest solar thermal system by 2030.
In 2020, Tesla built the world a solar photovoltaic system that would power all of the worlds power grid.
The system was installed in China, and is currently being installed in Germany and Russia.
Tesla hopes that this solar thermal energy will be able to power the world grid by 2030, but the company still has to complete a few more tests before that can happen.
Musk said during the company event in September that Tesla is also working