Musk himself is the largest shareholder of both Tesla and SolarCity, but will abstain from voting on the bid.
“It is time to complete the picture,” Musk motivated the decision. “Tesla customers drive clean cars and they can use our batteries in order to use energy more efficiently, but they also need access to the most sustainable energy source available:. The sun”
Shareholders the car company initially responded less enthusiastically. The proportion Tesla lost 12 percent of its
value. 
Shares SolarCity shots by 29 percent. Tesla has between 26.50 and $ 28.50 per share offer. In total, this amounts to between EUR 2.6 and 2.8 billion dollars (2.5 billion euros)
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