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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk
June 22, 2016 by elegant · Leave a Comment
By Nichola Groom and Paul Lienert LOS ANGELES/DETROIT (Reuters) – Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc , made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion. Tesla shares plunged more than 13 percent to $189.99 in extended trading – amounting to a loss in value of about $4.3 billion, or more than the value of the offer for the other company. Shares of SolarCity rose about 18 percent …
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Tesla offers $2.8 billion for SolarCity in ‘no brainer’ deal for Musk