Tesla Closes SolarCity Acquisition
21 Novembre 2016 - 5:40PM
Dow Jones News
Tesla Motors Inc. on Monday said it closed the acquisition of
SolarCity Corp., paving the way for Chief Executive Elon Musk to
begin integrating the solar-panel business into the auto maker to
create an integrated clean-energy company.
Shareholders of both companies approved the merger last
week.
Mr. Musk, who was chairman of SolarCity and the largest
shareholder of both companies, wants to target customers with solar
panels and batteries to let them power their homes and electric
cars with clean energy.
The challenge of combining the companies comes as Tesla next
year begins selling the new Model 3 sedan, a vehicle that could
help the auto maker boost production to 500,000 in 2018 from about
50,000 last year.
Write to Tim Higgins at Tim.Higgins@wsj.com
(END) Dow Jones Newswires
November 21, 2016 11:25 ET (16:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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