The US electric car manufacturer Tesla wants to take over the solar module manufacturer Solar City for up to 2.8 billion dollars. The goal is a wide range of products to offer clean energy from a single source from the area, said Tesla CEO Musk.
The electric carmaker Tesla has made a multi-billion offer for the solar company SolarCity. The company of the famous billionaire Elon Musk announced after US market close, to have submitted an offer from 26.50 to 28.50 dollars per SolarCity share. This resulted in a purchase price of approximately 2.6 to 2.8 billion dollar would result (EUR 2.5 billion). This corresponds, according to Tesla a premium 21-30 percent to the closing price Monday.
Tesla will pay the amount in its own shares. The companies are already connected through partnerships and Musk, which is the largest shareholder and obstetricians both companies. By taking over the solar systems by SolarCity could be incorporated into Tesla’s energy division. “We would be able to maximize the core competencies of both companies and expand”, the Tesla management wrote in the company blog. The target type Musk and his colleagues made to enable customers to power as “efficient and sustainable as possible” to use – both while driving as well as in homes, businesses or shops
. expansion
After the auto industry wants Tesla also shake up the energy market in new business sectors
. Since last year, the company offers energy storage for households and businesses. The end of July will open up a huge Tesla, “Gigafactory” said battery factory in Nevada. The project is an important element of the long-term strategy to manufacture electric cars for the mass market on a larger scale.
SolarCity announced in a message to the US Securities and Exchange Commission to examine the offer carefully to want. Given the close links the company it would be surprising if the deal would not occur. With its more than 20-percent stake in SolarCity Musk has, who is also chairman of the Board and his cousins assisted in founding the company, close confidants and great influence in the sought-after company.
Tesla-market price falls
for investors the takeover offer for violent reactions caused. While the shares of SolarCity after trading initially rose by more than 26 percent, it was for the Tesla papers temporarily by more than twelve percent down. Since the beginning, the share of Tesla – lost in spite of the enthusiasm around the end of March featured mid-trolleys “Model 3″ around 8.5 percent
– actually for years a highly traded darling of Wall Street.
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