Tesla Motors to acquire SolarCity Corp

Q.  SolarCity Corp is being acquired by which corporate major?
- Published on 03 Aug 16

a. General Motors
b. Tesla Motors
c. Hyundai
d. Mercedes

ANSWER: Tesla Motors
 
SolarCity Corp has agreed to the USD 2.6 billion offer of Tesla Motor to purchase the solar panel installer learning the obstacle for a carbon free energy and transportation company.
  • The fall in the value of SolarCity is due to the solar company’s slowing growth, complicated financial structure and increased scrutiny of government incentives for rooftop solar.
  • For Tesla, acquisition of SolarCity will offer greater economies of scale in electrical energy management systems

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