Tesla Motors Attempts SolarCity Acquistion

Elon Musk, CEO of Tesla Motors, is attempting to purchase SolarCity, another company he is chairman of the board. SolarCity’s shares have dropped 50% and combined with low profits may provide insight as to why Musk would want to combine two companies he already effectively runs. However, Musk say that he envisions a one-stop shop where customers can get a home PV system from SolarCity, a storage battery with the Tesla Powerwall, and an electric car such as their new Model 3 sedan. Please refer to the link below for more in the Reuters story. Will Musk’s technology strategy improve or harm Tesla’s bottom line? Feel free to comment.


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