Tesla to buy SolarCity in $2.6 billion stock deal

August 1, 2016 11:26 AM

22 0

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

Tesla Chief Executive Elon Musk is also chairman and a major shareholder SolarCity. The combined entity will offer consumers solar panels, home battery storage systems and electric cars under a single brand.

Also read: Food services firm Aramark to buy Avendra, AmeriPride in $2.35 billion deal

Read more

To category page

Loading...