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SolarCity

  • EghtesadOnline: Elon Musk’s Tesla Motors Inc. officially moved beyond cars and became a clean-energy company Thursday, as shareholders overwhelmingly approved the acquisition of SolarCity Corp.

  • “Electricity is just a bonus.”

    EghtesadOnline: It’s official: After Tesla shareholders approved the acquisition of SolarCity, the new company is now an unequivocal sun-to-vehicle energy firm. And Chief Executive Officer Elon Musk didn’t take long to make his first big announcement as head of this new enterprise.

  • EghtesadOnline: Institutional Shareholder Services (ISS) on Friday recommended that investors in both companies approve Tesla Motors' plan to buy solar panel installer SolarCity for more than $2 billion.

  • EghtesadOnline: Tesla Motors Inc said on Tuesday its $2.6 billion merger with SolarCity Corp would add over $500 million in cash to the electric carmaker's balance sheet over the next three years, while contributing over $1 billion to revenue in 2017.

  • EghtesadOnline: The prominent short-seller Jim Chanos, founder of Kynikos Associates, on Tuesday called the proposed merger of Tesla Motors Inc and SolarCity Corp "crazy," noting that the combined company would need constant access to capital markets.

  • EghtesadOnline: Lazard Ltd, the investment bank that advised SolarCity Corp on its $2.6 billion sale to Tesla Motors Inc, made an error in its analysis that discounted the value of the U.S. solar energy company by $400 million, a regulatory filing by Tesla showed on Wednesday.

  • EghtesadOnline: SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said on Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company.