Tesla, SolarCity Are Revolutionizing The Home, Competition Is 'Scrambling And Disoriented'

Tesla Motors Inc (NASDAQ: TSLA) CEO Elon Musk is doing his best to convince shareholders to approve the company's pending merger with SolarCity Corp (NASDAQ: SCTY).

Tesla provided shareholders with additional disclosures and information pertaining to the pending acquisition of SolarCity which creates shareholder approval "almost certain," at least according to Trip Chowdhry of Global Equities Research.

Among some of Tesla's additional financial disclosures include a cost synergy savings of $150 million, an incremental $1 billion in revenue for Tesla in fiscal 2017 and various up-sell and cross-sell opportunities for both companies.

In a report on Wednesday, Chowdhry reaffirmed his previous comments on Tesla's Powerwall 2 home battery and solar power unit, noting that it's the first major push into a fully integrated car and home solar company.

Following Tesla's additional disclosures, the analyst further argued it's now impossible for Tesla's competition to become price competitive. For example, the total cost per kWh for Tesla's Powerwall 2 is $464 compared LG Chem at $972 and Sonnen at $1,642.

"Tesla + SolarCity is the only company that can deliver "Always 'ON' Home" to the Global Digital Citizens, which is >$88 Billion of revenue opportunity," Chowdhry further emphasized. "Tesla threw a curve ball with its Powerwall 2, and competition is scrambling and disoriented."