Tesla Motors (NASDAQ:TSLA) made huge waves in the market recently as it announced it plans to build the world's largest lithium-ion battery factory. While this multibillion-dollar investment will definitely have a profound impact on the Tesla's manufacturing capacity, it will also hopefully help bring down the costs of lithium-ion batteries. That reduction in costs will also have a major impact on not just Tesla, but SolarCity (NASDAQ:SCTY), which will certainly benefit, too.
With the distributed solar space becoming a little more crowded with utility giants like Exelon (NYSE:EXC) and NRG Energy (NYSE:NRG) providing options of their own, SolarCity needs a way to differentiate itself from the rest. Find out how the move by Tesla could actually be that needed spark by tuning into the video below.
The Motley Fool recommends Exelon, SolarCity, and Tesla Motors. The Motley Fool owns shares of SolarCity and Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.