Musk provided the initial concept and financial capital for SolarCity, which was then co-founded in 2006 by his cousins Lyndon and Peter Rive. By 2013, SolarCity was the second largest provider of solar power systems in the United States.SolarCity was acquired by Tesla, Inc. in 2016 and is currently a wholly owned subsidiary of Tesla.
The underlying motivation for funding both SolarCity and Tesla was to help combat global warming.In 2012, Musk announced that SolarCity and Tesla are collaborating to use electric vehicle batteries to smooth the impact of rooftop solar on the power grid, with the program going live in 2013.
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