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Category Archives: SolarCity

Tesla, SolarCity tie up would create a one-stop-shop for clean energy

Tesla said Monday it will buy solar panel maker SolarCity Corp. in an all-stock deal worth $2.6 billion. The deal must still be approved by the government and shareholders at both companies. It’s expected to close in the fourth quarter if it goes through.

Musk tries to assure investors rattled over proposed SolarCity takeover

Elon Musk defended his proposed marriage of Tesla Motors Inc. and SolarCity Corp. to assure investors his $2.86 billion plan to combine the companies is a “no brainer” that would benefit both.

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