• Tesla gallery at Nordstrom

    Tesla CEO Elon Musk is betting that electric car buyers want home solar panels in addition to batteries. In fact, he’s betting nearly $3 billion on the idea. On Tuesday, Musk announced that Tesla [NYSE: TSLA] would acquire SolarCity, one of the nation’s largest residential and commercial solar power providers. The all-stock deal would be for roughly $26.50 to $28.50 per share for SolarCity. Musk already has a cozy relationship with the solar panel provider. His cousin, Lyndon Rive, is also co-founder and CEO of SolarCity, and Musk is already chairman. The Tesla CEO didn’t...

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