E-Paper
Tesla to buy SolarCity in $2.6-billion stock deal
NEW YORK: 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. Tesla CEO Elon
Published on: Aug 2, 2016, 07:47:37 IST
Share via
Copy link
NEW YORK: 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. Tesla CEO Elon Musk is also chairman and a major shareholder of SolarCity. The combined entity will offer consumers solar panels, home battery storage systems and electric cars under one brand.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
