News
Report: Solar savings through a SolarCity residential system
Having limited winter daylight hours combined with snow covered rooftops doesn’t make for good check out my huge solar savings conversation this month. But putting that aside, the overall economics behind my solar system tells a far greater story.
If you’ve been following along, you’ll recall that my journey with installing a SolarCity system dates back to late 2014. My system consists of 69 panels at 255W each for a total of 17.6kW (more specs on the system can be found on my Solar Generation page).
Solar Pricing
Massachusetts Electricity prices having been rising at approximately 9.5% year-over-year since 2008. When I started with SolarCity, my electricity price was set at $0.1627 per kWh including delivery, supply and taxes. Prices have continued to climb as seen on this chart.
The state went through a fun over-inflation and correction period in 2015, but the current rate I’m paying for electric is $0.1906 kWh with the best supplier I can find.
SolarCity sets their Power Purchase Agreement (PPA) prices based on your current electricity usage and comparable rates for the area that’s receiving their solar system. I had a number of options when I signed up including a variable rate, a fixed rate and an outright purchase but ended up opting for a 20-year fixed rate plan at $0.1420 kWh.
The way the PPA plan works is that I pay $0.1420 for every kWh generated by the SolarCity panels. The kWh they generate offsets the electricity I would consume. My savings initially worked out to be a difference of $0.0207 kWh or approximately 13% less. Recent savings have been in the $0.0486 kWh mark, or 25%, helped by the rise in electricity rates from utilities.
I incurred no installation or service costs when first setting up my SolarCity system, hence my entire cost for set up is based on the amount of power generated at $0.1420 kWh.
Affiliate: Get a solar cost estimate and find out how much solar can save for your home and business in your area.
Solar Costs
In the last 22 months, I’ve generated a whopping 33.8 MWh (33,800 kWh) of power. My cost for that was $4,800. The SolarCity bill will fluctuate depending on the amount of daylight hour and weather conditions.
In that same period, my electric company reported that I used 23,800 kWh of power. Since the solar power offsets that amount, my actual power use for those 22 months was 57,600 kWh — I use a lot of power between my Tesla, pool, A/C and other electronics we have throughout the house.
Follow @Teslaliving
About 59% of the power I need for my house and my Tesla comes from my SolarCity system. I wanted a system that could cover 100% of my needs but National Grid (local electric company) blocked that.
For the 23,800 kWh I purchased from the electric company, I paid $4,595, or $0.1930 kWh (averaged over the 22 months). My total electric cost (money paid to electric company and to SolarCity) for the 22 months was $9,395 or about $427/month.
While I consume a lot of power, 59% of it is provided by the sun.
Solar Savings
When I first signed up with SolarCity, they provided a $1,000 bonus if you registered for a solar system after buying a Tesla. That’s what I did and that’s how I received my $1,000 check form SolarCity.
They also had a referral program at the time which credited you with $250 for each person that signed up for a new system. I managed to get one referral and one more check from SolarCity.
All in all, I started 22 months ago with no money down and $1,250 in my pocket and a nice new solar system on my house. Not a bad start!
Had I purchased all my power from my electricity company at the average of $0.1930 kWh it would have cost me a total of $11,117. But thanks to SolarCity, my total cost was $9,395, so my savings was $1,722 over the 22 months. I expect savings and solar benefits will continue to grow over the next 20 years as the electric company continues to raise their rates.
SolarCity doesn’t fully capture the amount of savings that can be had through their system since the initial quote is based on current electricity rates, at the time of the quote. Rates climb over time especially in dense urban areas.
My savings thus far has been more than twice the amount SolarCity originally outlined! Now, if we add in the referral checks, my savings goes up to $2,972. The referrals don’t necessarily scale over time and may get updated so that needs to be factored into the equation.
Summary
For no money down and no risk, I’ve saved about $3,000 in just under 2 years (27% of what I would have paid) while generating green energy and taking load away from an already overloaded power grid.
When I did the math before signing up I knew the system would be a good deal and I’m very happy to see the results proving out. Since I’m on the power purchase program, I don’t have to worry about equipment depreciation, loss in solar cell effectiveness over time (I only pay for what they generate) or a whole slew of other things. By the time my plan is up, much better systems will be available.
If you’re interested in exploring solar power for your house and have enjoyed my posts thus far, please consider using my referral link to get started. SolarCity will do a free analysis of your situation and let you know if a solar system may work for you: share.solarcity.com/teslaliving
May the Sun be with you!
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla Optimus project fires up as Musk sees production line progress
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
