Wednesday, June 22, 2016

Tesla makes moves to acquire SolarCity, paves way for transition to energy provider

5:14 AM    No comments

SolarCityTesla Motors [NSDQ:TSLA] on Tuesday made the surprise announcement it is seeking to acquire solar panel installation firm SolarCity via a share swap deal. The two companies are already closely linked with Tesla CEO and Chairman Elon Musk also Chairman of SolarCity. Musk is also SolarCity’s biggest investor and a cousin of SolarCity CEO and...

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