Tesla is no longer just an automaker.

Although the company has always offered energy storage options, like its Powerwall and Powerpack, Tesla has officially solidified itself as a player in the energy space by acquiring SolarCity in a deal worth roughly $2 billion. Now Tesla will be responsible for solar installation and financing in addition to selling electric cars.

It's a big announcement with a lot of moving parts, so we made it a bit easier to keep track of everything. Here's what you need to know: