Tesla said on Wednesday it plans to either sell more stock or bonds before the end of the year, but didn’t say how much. The new cash will help stem the bleeding at SolarCity and fund Tesla’s other costly ventures, like its enormous …
In a few years, everyone will know whether the planned merger of Tesla Motors Inc. and SolarCity Corp. became a rousing tale of ambition and success or went down as one of biggest busts in business history. The $2.6-billion all-stock deal, …
Early this morning, Tesla announced that it had come to an agreement to acquire SolarCity in a $2.6 billion all stock transaction. Tesla first announced it was interested in acquiring the solar power company back in June. In the wake of …
On Monday morning, Tesla announced that it has come to an agreement with SolarCity. Tesla will buy the company in an all-stock deal that would give 0.11 shares of Tesla stock to investors for every share of SolarCity stock they own. The …
NEW YORK — Tesla will pay approximately $2.6 billion for solar panel maker SolarCity in an all-stock deal. The transaction gives SolarCity Corp. stockholders 0.110 Tesla common shares per SolarCity share, which puts the value …
Tesla’s stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal Musk outlined in June, before advisers to the companies had done due diligence. SolarCity shares shed 7.4 per cent on Monday to …
PALO ALTO (CBS / AP) — Tesla will buy the solar panel maker SolarCity Corp. in an all-stock deal worth around $2.6 billion. The deal must still be approved by the government and shareholders at both companies. It’s expected to close …