Tesla and Solarcity agreed to merge

Tesla Motors will buy a Solarcity solar battery manufacturer for $ 2.6 billion, according to a joint statement of companies.

The deal is planned to be closed in the fourth quarter of 2016. Slarcity shareholders will receive 0.11 ordinary Tesla stocks for the Solarcity campaign, one promotion of which is thus estimated at $ 25.37.

The united company will make decisions for the production and storage of solar energy. As stated in the statement of the companies, the client will receive a “beautiful and simple solution - one installation, one service contract, one application (to control the system - Slon )”.

Solarcity will gain access to 190 Tesla stores, where it will sell its installations. The car manufacturer, in turn, will have the opportunity to offer the owners of electric cars to use solar energy to recharge them.

Tesla suggested buying Solarcity in June 2016. The manufacturer of solar panels was created in 2006 by the cousins ​​of the founder of Tesla, Ilona Mask - brothers Peter and Lindon Rivami. Musk also holds the post of head of the board of directors of Solarcity.