SolarCity Announces Formation of Special Committee to Evaluate Tesla Proposal

SAN MATEO, Calif., June 27, 2016 /PRNewswire/ — SolarCity Corp. (NASDAQ: SCTY), America’s #1 solar power provider, today announced that SolarCity’s Board of Directors has formed a special committee of independent directors to evaluate the June 20, 2016, proposal from Tesla Motors, Inc. (NASDAQ: TSLA) (the “Proposal”) to acquire all of the outstanding shares of SolarCity…