u200btesla offers $2.8 billion for solarcity - home battery system
SAN FRANCISCO -Electric-
Tesla Motor (car manufacturer (TSLA)
Buy solar energy-
SolarCity (panel manufacturer)SCTY)for up to $2.
8 billion trying to create-
As consumers become increasingly concerned about the environmental harm of fossil fuels, stop buying cleaner energy.
The all-
Shares traded at $26 announced by SolarCity on Tuesday. 50 to $28.
According to comments on the company's books, £ 50 per share. In after-
Shares in SolarCity soared $3 in Tuesday's trading.
Between $86 and $25, 18% per cent.
Tesla shares fell $27.
Between $ 12% and $192.
Shares in SolarCity have fallen nearly 59% this year.
They closed at $21 on Tuesday.
19, from them 52-
The weekly high of $61. 72.
Google's cloud service was broken, and protesters in the Virginia Beach shooting incident at Connecticut's mother interrupted Harris's deal, which still requires shareholder approval.
Tesla CEO Elon Musk is the chairman and largest individual shareholder of SolarCity, and the process can become complicated.
Lyndon River, CEO of SolarCity, is also Musk's cousin.
In a blog post announcing the deal, Tesla said it believes that "the combination of Tesla and SolarCity will provide great benefits to our shareholders, customers and employees.
"We will be the only vertically integrated energy company in the world that provides end services . "to-
Clean energy products for our customers.
This will start with the car you drive and the energy you use to charge, and will expand to how everything else in your home or business is powered.
"Tesla is pursuing SolarCity 14 months after launching its solar storage home battery system.