Elon Musk wants to buy a company he helped start.
Tesla announced on My Stepsisters Natural Tits (2016) XXX MovieTuesday its intentions to buy SolarCity, having made an offer of between $26.50 per share and $28.50 per share. That equates to a $2.8 billion valuation.
SolarCity's primary business is the financing and installation of solar panels. The company was founded in 2006 by Peter Rive and Lyndon Rive, with help from their cousin: Musk, Tesla's founder and CEO.
The deal, announced in a blog post, would be paid for entirely in Tesla stock.
"Tesla customers can drive clean cars and they can use our battery packs to help consume energy more efficiently, but they still need access to the most sustainable energy source that’s available: the sun," Tesla stated in the blog post announcing the offer.
Tesla pointed out that the combined company would be able to offer "end-to-end clean energy."
SolarCity and Tesla have never been very distant. Musk is also the chairman of SolarCity.
This Tweet is currently unavailable. It might be loading or has been removed.
Tesla's offer was about 21% more than SolarCity shares had been trading on Tuesday, meaning the stock predictably shot up in after-hours trading. Conversely, Tesla shares slid as much as 12% after hours.
Tesla also released a letter sent from its board of directors to SolarCity CEO Lyndon Rive declaring their intentions and explaining its rationale.
"We believe that a combination would generate significant benefits for stockholders, customers and employees of both Tesla and SolarCity," the letter read.
The letter also noted that Musk and Antonio Gracias, who serves as a director on Tesla's and SolarCity's boards, will not vote on the deal due to their connections to both companies.
"We believe that any transaction should be the result of full and fair deliberation and negotiation by both of our boards and the fully-informed consideration of our respective stockholders," the letter read.
Have something to add to this story? Share it in the comments.
The Amazon Book Sale is coming April 23 through 28
'Cops' has been canceled at the Paramount Network
On Acknowledgements by Anna North
TPR vs. High Times: The Stoners Win by Cody Wiewandt
Should You Quit Your Job To Go Make Video Games?
Now you can scan to identify plants and dogs right in Snapchat
TPR vs. Vanity Fair: Literary Softball Bullshit by Cody Wiewandt
'Suga: Road to D
Best robot vacuum deal: Save $320 on Shark Robot Vacuum and Mop
Like Minds by Sadie Stein
Tennessee vs. Kentucky 2025 livestream: How to watch March Madness for free
Twitter will keep your $1,000 if you apply for Verified Organizations status and don't get it
A Week in Culture: Chris Weitz, Director by Chris Weitz
What is leaving HBO Max on April 30?
Tennessee vs. Kentucky 2025 livestream: How to watch March Madness for free
Fiction v. Reporting; Blind Dates by Lorin Stein
Enjoy watching as a slaver's statue is torn down and dumped in a river
14 Harry Potter things to love that aren’t J.K. Rowling
TikTok ban looms in U.S. Here's the latest.
Like Minds by Sadie Stein
Prince George and Princess Charlotte look seriously adorable in new royal christening photosDog lovers are outraged by an opAll the wittiest signs from the UK protests against TrumpCaptain America just put the president of America in his place, so that's where we're atTrump set aside time during press conference with Theresa May to insult CNN, naturallyPapa John's gets absolutely scorched on Twitter after report that founder used the nSacha Baron Cohen got a bunch of GOP congressmen to say arming toddlers is a good ideaNew Peptoc hotline provides encouragement from elementary school studentsDonald Trump Dalek is proof that Londoners sure know how to protestSteam Deck tips: Essential shortcuts, including a way to view the whole shortcut listKids asking questions about sex is the purest comedy you'll see todayIndependent Spirit Awards 2022: The full winners listArnold Schwarzenegger says Trump was a 'little wet noodle' in Putin press conference'Servant of the People' is a mustTaylor Swift has the best reaction when fans get engaged at concertApple Event: Apple's new Mac Studio costs $8,000 maxed out — monitor not includedNASA opens vacuumTrump gets rude welcome in UK thanks to giant crop circleApple Event: Tim Cook wears colors of Ukraine flag, seemingly sending silent supportScientists have developed the world's first full How to celebrate Valentine's Day online Best Samsung TV deal: Save $600 on 55 Wordle today: The answer and hints for February 12, 2025 Tigres vs. Real Estelí 2025 livestream: Watch Concacaf Champions Cup for free Best TV deal: Save $70 on the Amazon Fire TV 40 Los Angeles Lakers vs. Utah Jazz 2025 livestream: Watch NBA online NYT Connections hints and answers for February 11: Tips to solve 'Connections' #611. Best Echo Dot deal: Save $10 at Amazon Best backyard deal: The Ooni Fyra pizza oven is just $249 Apple is launching several new products soon, report claims Hackers are targeting your password manager app NYT Connections Sports Edition hints and answers for February 12: Tips to solve Connections #142 Wordle today: The answer and hints for February 10, 2025 Best game deal: Get up to 60% off Jackbox Games Best massage gun deal: Save $40 on RENPHO Massage Gun You should update your iPhone to iOS 18.3.1 right now NYT Connections Sports Edition hints and answers for February 11: Tips to solve Connections #141 Atlanta Hawks vs. New York Knicks 2025 livestream: Watch NBA online Best smartphone deal: Save $420 on Motorola razr+ Miami Heat vs. Oklahoma City Thunder 2025 livestream: Watch NBA online
2.0806s , 8200.296875 kb
Copyright © 2025 Powered by 【My Stepsisters Natural Tits (2016) XXX Movie】,Warmth Information Network