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Tesla Motors announces its acquisition of solar panel installer SolarCity for $2.6 billion in shares. This deal aligns with Tesla CEO Elon Musk's vision to create a comprehensive clean energy platform. The combined entity will offer consumers a range of sustainable products, including solar panels, home battery storage systems, and electric cars, under a single brand. Elon Musk, also the chairman of SolarCity, aims to provide a holistic solution for low-carbon living.
Monday, 1 August, 2016