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Tesla acquired SolarCity in 2016 to create the world’s only integrated sustainable energy company, from generation to storage to transportation. Learn how the acquisition will benefit Tesla financially and strategically, and how Tesla plans to transform the energy industry with its products and services.
SolarCity Corporation was a publicly traded company headquartered in Fremont, California that sold and installed solar energy generation systems as well as other related products and services to residential, commercial, and industrial customers.
Aug 1, 2016 · Tesla and SolarCity, two leading players in the sustainable energy sector, have agreed to combine in an all-stock transaction with an equity value of $2.6 billion. The merger will create a vertically integrated company that offers solar and storage solutions, and aims to achieve cost synergies and customer benefits.
Nov 18, 2016 · The deal was first announced in June this year and will see the electric car company takeover SolarCity in an all-stock transaction with the equity value being $2.6 billion (£2bn).
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Jun 7, 2017 · The Tesla CEO's merger with his cousins’ sustainable-energy company, SolarCity, is totally logical--and hugely risky. With eyes now on the private sector for environmental leadership, can Musk ...
6 days ago · Electrek covers the latest stories about SolarCity, the solar power company acquired by Tesla in 2016. Find out how SolarCity is integrated into Tesla's energy division, its market performance, its partnerships, and its legal challenges.
Aug 1, 2016 · Tesla and SolarCity, both founded by Elon Musk, have confirmed a merger that will create a single company focused on an alt-fuel future. The deal, which is expected to save $150 million in costs, will provide integrated solar and storage solutions for homes and businesses.
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