Tesla
It's official: Tesla is an energy company.
Shareholders voted in favor of Tesla buying SolarCity in a deal worth about $2 billion on Thursday. The core product being made by the "new Tesla" will be its solar roof product, first unveiled by Tesla CEO Elon Musk on Oct. 28.
Musk said the solar roof will be cheaper than a normal roof after the shareholder vote on Thursday.
Tesla will offer four types of shingles to match different housing aesthetics in an effort to get homeowners to ditch clunky solar panel add-ons in favor of a beautiful roof. (Although Musk will be quick to add traditional panel installation is still an option if you're not in the new roof market.)
Here's everything we know about the new solar roof product: