Tesla Seals $2 Billion SolarCity Deal

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  • Merger will combine supply chains, integrate clean-energy duo
  • Deal overcame mixed recommendations by advisory firms

Tesla Shareholders Overwhelmingly Approve SolarCity Deal

Elon Musk’s Tesla Motors Inc. officially moved beyond cars and became a clean-energy company Thursday, as shareholders overwhelmingly approved the acquisition of SolarCity Corp. The deal, valued at about $2 billion, will integrate the maker of all-electric cars and batteries with the installer of rooftop solar panels. More than 85 percent of Tesla shares voted in favor of the merger.

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