Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk
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Tony Stark, I mean Elon Musk on Tuesday sought to build a clean energy powerhouse all in one company. His electric car maker, Tesla Motors made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion.
Musk, who is the chairman of SolarCity, and CEO of Tesla plus the largest shareholder of both companies, described the deal as a “no brainer”.
“Instead of making three trips to a house to put in a car charger and solar panels and battery pack, you can integrate that into a single visit,” Musk told reporters “It’s an obvious thing to do.”