{"id":28603,"date":"2016-08-03T01:48:25","date_gmt":"2016-08-03T08:48:25","guid":{"rendered":"http:\/\/lifeboat.com\/blog\/2016\/08\/tesla-acquires-sister-firm-solarcity-for-2-6-billion"},"modified":"2017-04-25T19:52:58","modified_gmt":"2017-04-26T02:52:58","slug":"tesla-acquires-sister-firm-solarcity-for-2-6-billion","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2016\/08\/tesla-acquires-sister-firm-solarcity-for-2-6-billion","title":{"rendered":"Tesla acquires sister firm SolarCity for $2.6 billion"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"http:\/\/1u88jj3r4db2x4txp44yqfj1.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/07\/teslaandmusk-780x438.jpg\"><img decoding=\"async\" class=\"aligncenter\" src=\"\"><\/a><\/p>\n<p>Tesla buys SolarCity.<\/p>\n<hr>\n<p>(<em>Reuters<\/em>) \u2014 SolarCity Corp agreed to be acquired by sister company Tesla Motors Inc in a deal worth $200 million less than the initial offer, sending shares of both companies down in early trading on Monday.<\/p>\n<p>Electric vehicle maker Tesla expects to achieve \u201csignificant\u201d cost savings and \u201cdramatic improvements\u201d in manufacturing efficiency as a result of the acquisition of solar panel installer SolarCity, Tesla Chief Executive Officer Elon Musk said on Monday.<\/p>\n<p>Musk said the combined companies will have a \u201cstronger balance sheet,\u201d but likely will require a \u201csmall equity capital raise\u201d next year. Both companies have been burning through cash and have projected achieving positive cash flow later this year.<\/p>\n<p><!-- Link: <a href=\"http:\/\/venturebeat.com\/2016\/08\/01\/tesla-acquires-sister-firm-solarcity-for-2-6-billion\/\">http:\/\/venturebeat.com\/2016\/08\/01\/tesla-acquires-sister-firm...6-billion\/<\/a> --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla buys SolarCity. (Reuters) \u2014 SolarCity Corp agreed to be acquired by sister company Tesla Motors Inc in a deal worth $200 million less than the initial offer, sending shares of both companies down in early trading on Monday. Electric vehicle maker Tesla expects to achieve \u201csignificant\u201d cost savings and \u201cdramatic improvements\u201d in manufacturing efficiency [\u2026]<\/p>\n","protected":false},"author":367,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019,1633,17,1491],"tags":[],"class_list":["post-28603","post","type-post","status-publish","format-standard","hentry","category-elon-musk","category-solar-power","category-sustainability","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/28603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/367"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=28603"}],"version-history":[{"count":1,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/28603\/revisions"}],"predecessor-version":[{"id":40332,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/28603\/revisions\/40332"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=28603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=28603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=28603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}