Tesla to buy SolarCity for $2.6 billion in plan to create clean-energy powerhouse

August 1, 2016 10:56 AM

25 0

Tesla Motors Inc. said it would buy solar panel installer SolarCity Corp. for $2.6 billion in shares to form a one-stop clean-energy shop.

The combined entity will offer consumers solar panels, home battery storage systems and electric cars under a single brand. "Solar and storage are at their best when they're combined," the companies said in a blog post on Tesla's website.

Also read: The $24 Billion Job: An Energy CEO’s Quest to Reshape Gas Exports

Read more

To category page