SolarCity Raises $345 Million Amid Tesla Buyout Controversy

July 20, 2016

 

SolarCity announced Monday the company managed to raise $345 million, even as its business model comes under scrutiny following news of a possible merger with electric vehicle maker Tesla Motors. The money, financed by four firms in June and July, will go toward covering the cost associated with upkeep on new infrastructure and solar panel installation…

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