Monday, August 1, 2016

Tesla Plans To Buy SolarCity For $2.6 Billion

This morning, Tesla announced that it has plans to buy the solar energy firm SolarCity. The companies hope that by joining together, it will allow them to enlarge their battery and solar energy movements. Tesla described the emerging firm as "the world's only vertically integrated sustainable energy company." By buying SolarCity, Tesla says it will allow them to create "fully integrated residential, commercial and grid-scale products" for generating, storing, and distributing solar power.

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