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In March 2019, Musk unveiled Tesla’s long-awaited Model Y. The compact crossover, which started arriving for patrons in March 2020, has a driving vary of 300 miles and a 0 to 60 mph time of 3.5 seconds. The Roadster, additionally set to be released in 2020, will change into the quickest manufacturing car ever made, with a zero to 60 time of 1.9 seconds. In August 2016, in Musk’s continuing effort to promote and advance sustainable vitality and merchandise for a wider client base, a $2.6 billion dollar deal was solidified to mix his electric car and solar energy firms. His Tesla Motors Inc. introduced an all-inventory deal buy of SolarCity Corp., a company Musk had helped his cousins begin in 2006. He's a majority shareholder in every entity. “Solar and storage are at their finest once they're combined. As one firm, Tesla (storage) and SolarCity (solar) can create fully built-in residential, business and grid-scale merchandise that enhance the best way that vitality is generated, saved and consumed,” learn a press release on Tesla’s web site in regards to the deal.
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