Over 85 percent of Tesla shareholders approved the deal
Tesla’s shareholders have approved the acquisition of Solar City, bringing together two of Musk’s companies under one (solar-powered) roof. The vote clears the way for the $2.6 billion deal to close “in the coming days,” Tesla said.
The acquisition of Solar City is part of Musk’s master plan, which has Tesla expanding its offerings to include integrated energy generation and storage, entering the electric truck and bus markets, and vehicle sharing. The first product to come out of the newly combined company is likely to be the Solar Roof Tesla showed off last month.