Why Elon Musk Called Tesla's SolarCity Acquisition A "No-Brainer"
It's official: Tesla is buying SolarCity for $2.6 billion—and the purchase makes complete sense for Musk.
Yesterday, Tesla confirmed that it is merging with solar energy firm SolarCity, which also boasts Elon Musk as a cofounder and chairman. Investors aren't over the moon about the deal—which they made clear when Tesla proposed it in June—but here's why this was a smart, if not inevitable move for Musk, Tesla, and SolarCity.
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