Tesla moves forward on $2.6B SolarCity acquisition

Early this morning, Tesla announced that it had come to an agreement to acquire SolarCity in a $2.6 billion all stock transaction. Tesla first announced it was interested in acquiring the solar power company back in June. In the wake of the announcement, both Tesla and SolarCity stock is being traded down. The original anticipated rage for the sale was $26.50 to $28.50 per share. Rather,… Read More...