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Announced

Completed

Tesla completed the acquisition of SolarCity for $2.6bn.

Financials

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Transaction Value£4,000m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium21%
One Off Charge-

Tags

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Alternative Fuels

clean energy

United States

Completed

Acquisition

Majority

Public

Friendly

Single Bidder

Merger

Domestic

Synopsis

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Tesla, a multinational automotive and clean energy company, completed the acquisition of SolarCity, a solar energy company, for $2.6bn. "The board of directors of Tesla is excited at the prospect of a potential combination of SolarCity’s business with Tesla. We believe that the possibilities for product, service and operational synergies would be substantial and that a combination would allow our companies to build on our respective core competencies and remain at the forefront of delivering innovative approaches for sustainable transportation and energy. We believe that a combination would generate significant benefits for stockholders, customers, and employees of both Tesla and SolarCity," Tesla's Board of Directors.

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