Tesla to buy Solar City for $2.6bn
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...