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Tesla Motors (NASDAQ:TSLA) said Monday it would buy solar panel installer SolarCity.
Electric carmaker Telsa will pay $2.6 billion in shares to acquire SolarCity.
Tesla chief Elon Musk is also chairman and a major shareholder in SolarCity.
Merged firm to sell solar panels, battery storage systems, electric cars under one brand.
Merged firm to sell solar panels, battery storage systems, electric cars under one brand.
SolarCity stockholders to receive 0.110 Tesla common shares per SolarCity share.
Source Investing.com
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