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Tesla dangles $2.8B to bring SolarCity into its orbit

2016-06-22 02:15:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: Electric car maker Tesla Motors wants to buy solar panel maker SolarCity for up to $2.8 billion in an attempt to create a one-stop shop for cleaner energy as consumers become more concerned about fossil fuels harming the environment. The all-stock bid announced Tuesday values SolarCity Corp. at $26.50 to $28.50 per share, depending on a review of the company's books. SolarCity's stock surged $3.31, or 16 percent, to $24.50 in after-hours trading following the announcement of the deal. Tesla's...

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Category:Electronics and Electrical

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