Tesla expects SolarCity to contribute over $1 billion in revenue in 2017 if the proposed merger is approved, Tesla wrote in a blog post Tuesday.
Tesla released financial information related to the SolarCity merger, which shareholders will vote on November 17. In the post, Tesla said it expects SolarCity to add more than half a billion dollars in cash to Tesla’s balance sheet over the next three years and “to contribute $1+ billion in revenue in 2017.”
Tesla also expects SolarCity “to immediately account for 40% of the assets of the combined company on a historical cost basis.”
Tesla CEO Elon Musk said on Tesla’s third-quarter earnings call that he expects SolarCity to be neutral or “perhaps a cash contributor” in the fourth quarter.
This story is developing, check back for updates.
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