Tesla wagers on renewable energy, to acquire SolarCity for $2.6 billion Updated On Mon, Aug 1st, 2016 by Saurenergy Elon Musk’s Tesla Motors Inc. has acquired solar panel installer SolarCity for USD 2.6 billion. Tesla to acquire SolarCity in an all-stock transaction, under the agreement SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share, valuing SolarCity common stock at $25.37 per share based on the 5-day volume weighted average price of Tesla […] Read more
Tesla makes an offer to acquire SolarCity Updated On Thu, Jun 23rd, 2016 by Saurenergy Tesla seeks to accelerate the world’s transition to sustainable transportation by offering increasingly affordable electric vehicles. Last year in March the company launched Tesla Energy, which through the Powerwall and Powerpack allow homeowners, business owners and utilities to benefit from renewable energy storage. Now the company has made an offer to acquire SolarCity. The company […] Read more
Solar City to Generate Solar Power with Tesla’s Electric Car Batteries at Night Updated On Sat, Feb 20th, 2016 by Saurenergy There are some glitches into saying solar power energy availability for 24×7, through which the most evitable skeptic comes for solar generation is night. Keeping history on one side, SolarCity has announced that there liable to address the problem by partnering with Tesla’s 52 MWh Powerpack lithium-ion battery storage system for its massive solar power […] Read more
