Lawsuits May Delay Tesla / SolarCity Deal

Tesla Motors’ acquisition of SolarCity has hit a bit of a road bump in the form of four lawsuits filled to challenge the deal. The lawsuits were all filed in early September and have various allegations ranging from “breached fiduciary duties” to “individual defendants would be unjustly enriched by the…

5 months ago by Eric Loveday 49

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Volkswagen Reportedly In Talks With SMA Solar – Company Has Ties To Tesla, Daimler

Reuters, citing a story posted by Hessische Niedersaechsische Allgemeine, claims that Volkswagen is in discussions with solar equipment company SMA Solar. The talks reportedly center around energy storage, though neither company was willing to discuss details. Volkswagen stated: “SMA Solar is strong in stationary storage systems.” SMA commented: “It’s way too…

6 months ago by Eric Loveday 9

FTC Approves SolarCity Acquisition By Tesla

The Federal Trade Commission (FTC) has approved the SolarCity acquisition by Tesla Motors (here is official notification). The approval happened quicker that expected, considering the number of overlaps between the two companies (such Elon Musk himself serving as CEO of Tesla and Chairman of SolarCity at the same time), as…

6 months ago by Mark Kane 23

Tesla & SolarCity Finalize $2.6 Billion Deal

The Tesla Motors merger with SolarCity, announced first approximately on month ago, becomes reality today. Both companies will combine in all stock deal, in which SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share. Total equity value of SolarCity stands at ~ $2.6 billion, while Tesla is valuated at approximately…

7 months ago by Mark Kane 75

Tesla, SolarCity Close To Finalizing Deal

A month ago, Tesla made a stock offer of $2.8 billion to purchase and merge with SolarCity. Unnamed sources with information about the deal told Reuters that the two companies have moved forward on negotiations. The deal could be official in the coming days, however, there is still a possibility…

7 months ago by Steven Loveday 24