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Tesla to buy solar panel maker SolarCity for $2.6 billion

Electric car company Tesla is buying SolarCity, the solar panel maker for $2.6 billion in an all-stock transaction. The combined entity will offer consumers solar panels, home battery storage systems and electric cars under a single brand. Tesla Chief Executive Elon Musk is also chairman and a major shareholder SolarCity. As a result of the acquisition, SolarCity … Continue reading "Tesla to buy solar panel maker SolarCity for $2.6 billion"
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