Tesla SolarCity merger approved

August 3, 2016

 

Elon Musk, the chief executive of electric car maker Tesla has announced it is to buy its sister company SolarCity. Musk is the largest shareholder in both firms and is chairman of SolarCity, which was founded by two of his cousins – Lyndon Rive and Peter Rive. A special independent committee was set up to advise…

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