Key highlights and takeaways of today’s discussion:
- SolarCity serves customers in 15 states with more than 50 operations centers and 7,500 employees – making it the largest solar provider in the U.S.
- SolarCity utilizes vertical integration for better control and the ability to invest in its own infrastructure. The company recently decided to vertically integrate further with its recent acquisition of solar panel manufacturer Silevo.
- The mission of SolarCity has remained the same since the formation of the company in 2006. Rive said the utility industry is the largest cause of air pollution, water pollution and the main water consumer. “That’s not okay,” Mr. Rive said. ” You’ve got to change that. That’s our goal.”
- Mr. Rive said his mother taught him a valuable lesson that he uses every day, especially in business: She told him, once you start something, don’t stop until you hit the end. Don’t give up. Persevere through the pain and you will be in control of your own destiny.