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Tesla acquiring SolarCity in $2.6B all-stock deal; expected close of transaction in Q4

Green Car Congress

Tesla and SolarCity reached agreement for the automaker’s purchase of the solar company in an all-stock deal valued at $2.6 billion proposal made by Tesla just over a month ago. SolarCity will operate as a wholly-owned subsidiary of Tesla. is on both Tesla and SolarCity boards. Earlier post.)

Legal 150
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Elon Musk makes opening remarks in SolarCity trial, defends Tesla’s $2.6B acquisition

Teslarati

Elon Musk has made his opening remarks in a Wilmington, Delaware, courthouse on Monday morning, defending Tesla’s $2.6 The deal took place in 2016 and gave Tesla full possession of the solar panel maker, a move that some Tesla shareholders were not keen on, as some are alleging the move was a bailout of SolarCity.

Legal 145
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Tesla’s war against direct sales wages on with big win in Virginia

Teslarati

Tesla’s war with laws that prohibit the direct sale of cars to consumers continues to wage on, but the automaker is making progress across the United States. The Virginia Department of Motor Vehicles has approved Tesla to sell its cars and will open three new locations in the State. Holcomb also granted Tesla this license.

Virginia 145
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Tesla’s Chief Accounting Officer sells over 4,450 shares for nearly $3M

Teslarati

Tesla’s Chief Accounting Officer Vaibhav Taneja has unloaded 4,459 shares of the electric automaker’s stock, taking home $2,947,330 due to the sale, SEC documents reveal. The Tesla CAO took home $2,947,330.63 Taneja has been with Tesla for 4 years and 6 months, according to his LinkedIn profile.

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The Tesla MCU1 conundrum: How early FSD adopters were left behind in limbo

Teslarati

When Tesla started selling Full Self-Driving back in 2016, the company was in a far different place than where it is today. Back then, Tesla was not the most valuable carmaker by market cap, nor was it a tried and tested business that no longer needs credits to become profitable on a quarterly basis. An FSD Limbo.

Tesla 120
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Top 7 Best, Classy and Fastest Electric Cars In Today?s World

DIY Electric Car

If you have purchased the 2016 version, it can get to that speed in just 8.4 In terms of comfort, price and performance, this is one of those cars that can easily made it in our list. Tesla Roadster. Tesla has been on the frontline of modern day innovation. Tesla Model S 90D. Front View. Front View. Front View.

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Norway leads the world in moving to EVs

EV Info

As a result, you can get a much better EV, at any price, compared to price-competitive gas cars. Norway made that plan back in 2016. This is a lot earlier than their 2025 target (which, to be clear, is not a legal requirement yet, more of a soft target agreed upon by Norway’s government). Cliff edge. 3 Volkswagen ID.4

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