Question
SolarCity expanded its business from consumers to businesses by signing up large companies for installations. Companies like Intel, Walgreens, and Wal-Mart became part of their clientele. This expansion was facilitated by the company's successful business model and the collapse in the price of solar panels, which occurred after Chinese manufacturers flooded the market with products.
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Six years later, SolarCity had become the largest installer of solar panels in the country. The company had lived up to its initial goals and made panel installation painless. Rivals rushed to mimic its business model. SolarCity had benefited along the way from a collapse in the price of solar panels, which occurred after Chinese panel manufacturers flooded the market with products. It had also expanded its business from consumers to businesses with companies like Intel, Walgreens, and Wal-Mart who signed up for large installations. In 2012, SolarCity went public and its shares soared higher in the months that followed. By 2014, SolarCity was valued at close to $7 billion.
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