#Tesla Offers to Acquire #SolarCity – WSJ

“This is something that we have been thinking about and debated for many years,” Mr. Musk said in a call with reporters Tuesday. “But the timing seemed to be right now” because Tesla is ramping up production of batteries used in conjunction with solar panels, SolarCity’s main business, he said. Mr. Rive on the same call said he was “very excited” about the potential deal, which still requires approval from shareholders.”


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