Musk's Tesla makes a bid for Musk's SolarCity energy company
by Samuel Gibbs and agencies from on (#1J050)
Electric car company attempts to acquire solar panel seller to create a Silicon Valley one-stop-shop for clean energy for car and home
Elon Musk's Tesla electric car company has made an offer to buy Musk's solar power company, SolarCity, for as much as $2.8bn in stock in an attempt to make a one-stop-shop for cleaner energy.
SolarCity, for which Musk is both chairman and its largest shareholder, is the market leader in residential solar panel installations in the US, but has about $6.24bn in liabilities, including debt.
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