Tesla to buy Solar City for $2.6bn

By Myles McCormick
Published: Monday, 01 August 2016

The move brings together solar energy production, energy storage and electric vehicle production in a bid to vertically integrate across the energy supply chain.

Electric vehicle (EV) producer Tesla Motors Inc. will purchase solar panel manufacturer Solar City Inc. in a deal valued at around $2.6bn.The tie up between the two companies, both of which entrepreneur Elon Musk holds a leading role in (CEO of Tesla and chairman of Solar City), will be an all-stock transaction and will...

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