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Tag: solarcity
SolarCity recuses two more board members from voting on Tesla offer
2016-06-25 20:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Two additional SolarCity Corp board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla Motors Inc's offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal. The new recusals mean the majority of SolarCity's board will be sitting out the decision on whether to be acquired by Tesla. Peter Rive, who is the cousin of Tesla chief executive and SolarCity chairman Musk, along with JB Straubel,...
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board
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voting
Tesla bid for SolarCity 'shameful'
2016-06-22 22:19:22| BBC News | Business | UK Edition
Tesla's bid to buy struggling solar energy firm SolarCity has been called "shameful" by financier Jim Chanos.
Tags: bid
tesla
shameful
solarcity
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...
Tags: company
makes
energy
bid
Elon Musk wants to build a clean-energy juggernaut, merging Tesla and SolarCity
2016-06-22 09:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Vox: Elon Musk wants to merge Tesla and SolarCity into a single "end-to-end" clean energy company that would handle everything from solar power to batteries to electric cars. Whether this will actually work is, of course, another question. On Tuesday, Musks Tesla Motors made an offer to buy Solar City -- the big solar installer he also founded -- in a $2.8 billion deal. The goal, Tesla said, was "the worlds only vertically integrated energy company offering end-to-end clean energy products to our...
Tags: build
merging
tesla
musk
Tesla makes ~$2.8B all-stock offer to acquire SolarCity
2016-06-22 06:56:00| Green Car Congress
Tags: offer
makes
acquire
tesla