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.
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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.
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