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Musk's Tesla makes a bid for Musk's SolarCity energy company

2016-06-22 11:22:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Elon Musks Tesla electric car company has made an offer to buy Musks solar power company, SolarCity, for as much as $2.8bn in stock in an attempt to make a one-stop-shop for cleaner energy. SolarCity, for which Musk is both chairman and its largest shareholder, is the market leader in residential solar panel installations in the US, but has about $6.24bn in liabilities, including debt. Musk described the deal as a no-brainer, saying: Instead of making three trips to a house to put in a...

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Category:Electronics and Electrical

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