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Tesla bid for SolarCity 'shameful'

2016-06-22 22:19:22| BBC News | Business | UK Edition

Tesla's bid to buy struggling solar energy firm SolarCity has been called "shameful" by financier Jim Chanos.

Musk's Tesla makes a bid for Musk's SolarCity energy company

2016-06-22 11:22:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Elon Musks Tesla electric car company has made an offer to buy Musks solar power company, SolarCity, for as much as $2.8bn in stock in an attempt to make a one-stop-shop for cleaner energy. SolarCity, for which Musk is both chairman and its largest shareholder, is the market leader in residential solar panel installations in the US, but has about $6.24bn in liabilities, including debt. Musk described the deal as a no-brainer, saying: Instead of making three trips to a house to put in a...

Tags: company makes energy bid

Elon Musk wants to build a clean-energy juggernaut, merging Tesla and SolarCity

2016-06-22 09:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Vox: Elon Musk wants to merge Tesla and SolarCity into a single "end-to-end" clean energy company that would handle everything from solar power to batteries to electric cars. Whether this will actually work is, of course, another question. On Tuesday, Musks Tesla Motors made an offer to buy Solar City -- the big solar installer he also founded -- in a $2.8 billion deal. The goal, Tesla said, was "the worlds only vertically integrated energy company offering end-to-end clean energy products to our...

Tags: build merging tesla musk