Associated Press: Electric car maker Tesla Motors wants to buy solar panel maker SolarCity for up to $2.8 billion in an attempt to create a one-stop shop for cleaner energy as consumers become more concerned about fossil fuels harming the environment.
The all-stock bid announced Tuesday values SolarCity Corp. at $26.50 to $28.50 per share, depending on a review of the company's books.
SolarCity's stock surged $3.31, or 16 percent, to $24.50 in after-hours trading following the announcement of the deal.
Tesla's...