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CNBC reported. The offer is based on an exchange ratio of 0.122x to 0.131x shares of Tesla common stock for each share of SolarCity common stock. It represents a value of $26.50 to $28.50 per share, or a premium of 21% to 30% over the closing price of SolarCity’s shares, based on the closing price of SolarCity’s shares on June 20, 2016 and the 5-day volume weighted average price of Tesla shares. “Tesla’s mission has always been tied to sustainability. We seek to accelerate the world’s transition to sustainable transportation by offering increasingly affordable electric vehicles. And in March 2015, we launched Tesla Energy, which through the Powerwall and Powerpack allow homeowners, business owners and utilities to benefit from renewable energy storage,” the company said in a statement. A combination of Tesla and SolarCity “would be the world’s only vertically integrated energy company offering end-to-end clean energy products to our customers,” Tesla says. “This would start with the car that you drive and the energy that you use to charge it, and would extend to how everything else in your home or business is powered.” “With your Model S, Model X, or Model 3, your solar panel system, and your Powerwall all in place, you would be able to deploy and consume energy in the most efficient and sustainable way possible, lowering your costs and minimizing your dependence on fossil fuels and the grid,” it added.]]>