Tesla, SolarCity close to merger agreement


  • TECH
  • Monday, 25 Jul 2016

Green titan?: Tesla and SolarCity would form a one-stop clean energy shop.

REUTERS: Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said.

The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on each other, and could agree on the terms of a deal in the coming days, though it is still possible that their negotiations end unsuccessfully, the people said.

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