Tesla Acquires SolarCity For $2.6 BILLION

Tesla Acquires SolarCity For $2.6 BILLION

Tesla motor happens to declare that they are agreed to work conjointly with the solar technology of the solar city for only 2.6 billion!

This deal has bought up the company’s second major master plan, out of which there are solutions to generate, store and enable mass consumption of solar energy!

Tesla is reported to have said:

“Now is the right time to bring our two companies together: Tesla is getting ready to scale our Power wall and Power-pack stationary storage products and SolarCity is getting ready to offer next-generation differentiated solar solutions. By joining forces, we can operate more efficiently and fully integrate our products, while providing customers with an aesthetically beautiful and simple one-stop solar + storage experience: one installation, one service contract, one phone app”

The transaction is expected to wind up in the fourth quarter of the present year!

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