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August 1, 2016 08:01 pm GMT

Tesla moves forward on $2.6B SolarCity acquisition

MIAMI, FL - FEBRUARY 19:  People look at a Tesla Motors vehicle on the showroom floor at the Dadeland Mall on February 19, 2014 in Miami, Florida.  Tesla said today it earned $46 million in the fourth quarter on a non-adjusted basis, or 33 cents a share, causing shares in the company to jump 12 percent.  (Photo by Joe Raedle/Getty Images)Early this morning, Tesla announced that ithad cometo an agreement to acquire SolarCityin a $2.6 billion all stock transaction. Tesla first announced itwas interested in acquiring the solar power company back in June. In the wake of the announcement,both Tesla and SolarCity stock is being traded down. The original anticipated rage for the sale was$26.50 to $28.50 per share. Rather,… Read More

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