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 $ 1 , thereby becoming the world 's only vertically integrated energy company offering its customers end - to - end clean energy products . Google 's CEO , Elon Musk , said it was a ' no - go ' to acquire the American solar developer .