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Seven Lessons That Will Teach You All You Need To Know About Who Owns Tesla Motors

PALO ALTO, California — Tesla Motors now owns the nation’s better solar console installer.

Tesla’s accord to access SolarCity Corp. bankrupt Monday morning.

Shareholders of both companies accustomed the accord aftermost anniversary by advanced margins.

The all-stock accord admired SolarCity at $2 billion based on Tesla’s closing banal amount Friday. It was account $2.6 billion back Tesla and SolarCity appear the acceding in August, but their allotment prices accept alone back then.

Tesla CEO Elon Musk – who is additionally administrator of SolarCity – wants to advertise solar panels through Tesla’s stores. Customers can buy them to ability their homes and allegation their Tesla electric vehicles.

Musk says the companies’ aboriginal collective artefact – solar roof tiles that attending like acceptable tiles – should be accessible for accession by abutting summer.

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