How To Guide For: Understanding SolarCity And The Tesla Merger --The Potential Benefits Of This Merg
SolarCity is America's #1 full-service solar provider. SolarCity makes clean energy available to homeowners, businesses, schools, non-profits and government organizations at a lower cost than they pay for energy generated by burning fossil fuels like coal, oil and natural gas. Tesla Motors is an American electric-automobile manufacturer. It was founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning with JB Straubel, Elon Musk and Ian Wright. Tesla Motors was formed to develop an electric sports car. Now that we know who SolarCity and Tesla Motors are lets move on to the possible merger. There have been rumors floating around for months about a possible merger between SolarCity and Tesla Motors. Now it looks like it might actually be more than a rumor. On October 12th 2016 Telsa Motors Inc announced that Tesla Motors and SolarCity will hold a special shareholders meeting on November 17 to vote on whether to approve the merger of both companies, according to a joint SEC filing. Both companies are asking shareholders to approve Tesla's $2.6 billion bid to acquire SolarCity. This deal has been widely criticized due to the fact that Elon Musk also co-founded SolarCity and is the largest shareholder in both Tesla Motors and SolarCity. Critics have accused Mr. Musk of using valuable Tesla shares to bail out a struggling SolarCity. If the merger goes through what will be the potential benefits. Well according to Tesla there would be financial benefits, which would add an estimated half a billion in cash to Tesla’s balance sheet over the next three years. I wonder if and how this merger will affect the Tesla Solar Roof Panel and Windfall Battery that was unveiled October 28. Will Tesla still be able to go ahead with the planned installation of the Solar Roof Panel summer 2017. So many questions, everyone just has to wait until November 17 to find out what will happen next. To learn more about the SolarCity and Tesla merger and the potential benefits -- click the pictures below to read the articles.
