Auto giant makes all stock offer worth $2.8bn as it unveils vision to become a global clean tech giant Tesla has announced plans to acquire leading US solar developer SolarCity in a deal worth up to $2.8bn. The electric vehicle giant issued a statement yesterday confirming it has tabled an all-stock...
Tesla has announced plans to acquire SolarCity for $2.8bn, thereby becoming the world's only vertically integrated energy company offering its customers end-to-end clean energy products. Tesla's CEO, Elon Musk, said it was a 'no-brainer' to buy the US solar developer.