At least it’s a company, buying another company.....not al a Solydra. *I’m from the government and here to help you.*
I’m not here to defend Telso, solarcity, etal. I think it is an interesting product; I also think solar panels on house roofs are butt-ugly.
http://blogs.wsj.com/venturecapital/2012/08/31/one-year-after-solyndra-collapse-where-are-they-now/
What bothers me is that this particular combo, Tesla and SolarCity, will likely discourage others from entering this market and they really will be the only game in town. And as the past has shown, especially in California, when there's one game in town, money goes to Democrats and laws get passed that favor them.
I could easily see California passing a law requiring the use of ‘professionally installed solar roofing’ in fire prone areas as it is ‘fireproof.’ Besides, previously favored and mandated roofing materials don't have anywhere near the same amount of money to buy Democrats with that these two do.