Tesla Motors said it would buy solar panel installer SolarCity for USD 2.6 billion in shares to form a one-stop clean energy shop. The deal is a major part of Tesla Chief Executive Elon Musk's master plan "part deux" that calls for the company …
First was a new pay package from Tesla awarding him $2.6 billion in stock options that could net him as much as ... And that was also the year that SolarCity, the …
The dimmed outlook singed SolarCity shares, which tumbled 21 percent Tuesday, to close at $17.82. The stock is down nearly 70 percent over the past 12 months. California-based SolarCity’s quarterly results late Monday confirmed what …
2016 Tesla's offer was about 21% more than SolarCity shares had been trading on Tuesday, meaning the stock predictably shot up in after-hours trading. Conversely, Tesla shares slid as much as 12% after hours. Tesla also …
SolarCity may not have raised as much in its initial public offering than it had once hoped. But at its lowered offering price, the solar power company found more than a few takers. During the first day of trading, the company’s stock jumped as …
Q: Can SolarCity survive without Tesla? A: SolarCity (SCTY) shareholders breathed a sigh of relief when Tesla (TSLA) offered a rich premium for their stock. There’s no question the company’s future would be much less sunny without …
FREMONT – Investors have seen the vision of Elon Musk — and they buy it. Tesla and SolarCity shareholders on Thursday approved a $2.1 billion, all-stock merger between the two green energy tech firms led by Musk. The merger …
Tesla's deal to acquire SolarCity Corp. closed Monday morning. Shareholders of both companies approved the deal last week by wide margins. The all-stock deal valued SolarCity at $2 billion based on Tesla's closing stock price Friday. It …
Read More In a letter sent to SolarCity's board, Tesla offered to acquire all outstanding shares of common stock of SolarCity in return for Tesla common shares at an exchange rate of 0.122x to 0.131x shares of Tesla common stock